ADEIA CORP (ADEA)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	187,817	198,294	595,294	631,687	484,582
Inventory	US$ in thousands	—	—	—	5,101	9,819
Inventory turnover		—	—	—	123.84	49.35

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $187,817K ÷ $—K
= —

ADEIA CORP's inventory turnover has shown a positive trend over the years. In 2020, the inventory turnover ratio was 49.35, indicating that the company sold and replaced its inventory approximately 49 times during the year. This ratio increased significantly to 123.84 in 2021, reflecting a more efficient management of inventory levels or increased sales volume.

However, there is missing data for the years 2022, 2023, and 2024 which prevents a complete trend analysis. It is important to note that a high inventory turnover can be positive as it may suggest strong sales and effective inventory management. On the other hand, an excessively high inventory turnover may indicate stockouts or inadequate inventory levels.

Further analysis of the company's inventory turnover in the coming years is necessary to assess the sustainability of this trend and to understand the efficiency of ADEIA CORP's inventory management practices.