ADEIA CORP (ADEA)

Inventory turnover

		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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Cost of revenue (ttm)	US$ in thousands	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	7,060	9,582	9,623	0	—	9,082	7,600	6,785	5,101	9,438	9,345	8,603	9,819	6,154	3,097
Inventory turnover		28.09	-5.19	43.24	—	—	117.16	87.90	95.61	123.83	54.73	56.42	62.97

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $198,294K ÷ $7,060K
= 28.09

The inventory turnover ratio of ADEIA CORP has shown fluctuations over the past few quarters.

For the most recent quarter, the inventory turnover ratio was negative (-5.19), which could indicate potential issues with managing and selling inventory efficiently. This negative value suggests that the company's sales were lower than the average inventory level for that quarter.

In the preceding quarters, the inventory turnover ratio displayed a mix of high and moderate values, ranging from 28.09 to 123.83. These values indicate that ADEIA CORP was able to turn over its inventory multiple times during those periods, implying effective inventory management and sales strategies.

The significant fluctuations in the inventory turnover ratio suggest possible inconsistencies in inventory management practices, which could be influenced by various factors such as supply chain disruptions, demand fluctuations, or changes in sales strategies. It would be advisable for ADEIA CORP to further analyze the reasons behind these fluctuations and implement measures to ensure more consistent and efficient inventory turnover in the future.