ADEIA CORP (ADEA)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 198,294 | 595,294 | 631,687 | 484,582 |
| Inventory | US$ in thousands | 7,060 | — | 5,101 | 9,819 |
| Inventory turnover | 28.09 | — | 123.84 | 49.35 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $198,294K ÷ $7,060K
= 28.09
ADEIA CORP's inventory turnover has shown fluctuations over the past four years. In 2020, the inventory turnover was 49.35, indicating that the company turned over its inventory approximately 49 times during that year. This ratio decreased significantly to 123.84 in 2021, signaling a much faster turnover rate. However, in 2023, the inventory turnover decreased further to 28.09, suggesting that the company's inventory turnover slowed down compared to the previous year. The absence of data for 2022 makes it challenging to discern the trend between 2021 and 2023. Overall, ADEIA CORP should further investigate the reasons behind these fluctuations in inventory turnover to optimize its inventory management efficiency.
Peer comparison
Dec 31, 2023