ADEIA CORP (ADEA)

Inventory turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Cost of revenue (ttm)	US$ in thousands	187,817	191,411	195,768	199,237	198,294	-49,777	416,114	505,253	595,295	1,064,081	668,020	648,715	631,658	516,560	527,224	541,722
Inventory	US$ in thousands	—	—	—	—	—	—	—	—	—	9,082	7,600	6,785	5,101	9,438	9,345	8,603
Inventory turnover		—	—	—	—	—	—	—	—	—	117.16	87.90	95.61	123.83	54.73	56.42	62.97

December 31, 2024 calculation

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

Based on the provided data, ADEIA CORP's inventory turnover ratio has shown fluctuations over the analyzed periods. The inventory turnover ratio indicates how many times a company sells and replaces its inventory during a specific period.

From March 31, 2021, to June 30, 2022, the inventory turnover decreased from 62.97 to 87.90, indicating a decrease in the rate at which inventory is being sold and replaced. This could suggest potential issues with inventory management or a slowdown in sales during this period.

However, the ratio spiked significantly to 117.16 by September 30, 2022, suggesting a substantial improvement in inventory turnover efficiency. A higher inventory turnover ratio generally indicates that a company is efficiently managing its inventory levels and quickly selling its products.

The absence of data for the subsequent periods (after September 30, 2022) indicates that information is not available for further analysis. It would be important for stakeholders to monitor the trend in inventory turnover to assess the company's efficiency in managing its inventory and generating sales in the future.