CEVA Inc (CEVA)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	11,648	15,131	16,827	10,749	10,106
Inventory	US$ in thousands	—	—	0	—	—
Inventory turnover		—	—	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $11,648K ÷ $—K
= —

To calculate the inventory turnover ratio for CEVA Inc, we would need the values for cost of goods sold (COGS) and average inventory for each of the years provided. The inventory turnover ratio is a key metric that measures how efficiently a company is managing its inventory.

The formula for inventory turnover is:
Inventory Turnover = COGS / Average Inventory

This ratio indicates how many times a company sells and replaces its inventory over a period of time. A higher inventory turnover ratio typically signifies that a company is effectively managing its inventory levels and minimizing excess stock, which can tie up capital.

Without the specific data for COGS and average inventory for CEVA Inc over the years 2019 to 2023, it is impossible to calculate the inventory turnover ratio. However, once the necessary financial data is available, the inventory turnover ratio can be calculated for each year to assess how efficiently CEVA Inc is managing its inventory levels.