CEVA Inc (CEVA)

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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cost of revenue (ttm)	US$ in thousands	13,080	11,968	10,364	12,849	13,696	17,312	22,903	24,156	27,052	27,100	23,982	20,850	16,827	13,394	11,067	10,379	10,749	11,082	11,346	10,834
Inventory	US$ in thousands	—	—	0	0	—	1,659	—	—	—	-6,062	-15,787	—	0	—	0	0	—	—	—	—
Inventory turnover		—	—	—	—	—	10.44	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $13,080K ÷ $—K
= —

Based on the data provided, the inventory turnover ratio for CEVA Inc was not available for the periods up until September 30, 2023. However, the inventory turnover ratio for September 30, 2023, was calculated to be 10.44 times.

The inventory turnover ratio reveals how efficiently a company manages its inventory by indicating the number of times inventory is sold and replaced over a specific period. A higher inventory turnover generally signifies effective inventory management and quick sales of goods, which could potentially result in lower carrying costs and higher profitability.

In the instance of CEVA Inc, the inventory turnover ratio of 10.44 times as of September 30, 2023, indicates that the company is selling and replenishing its inventory at a rapid pace relative to the industry average. This might suggest strong demand for the company's products, efficient inventory control, or effective supply chain management.

It would be beneficial to monitor future periods to observe if this high inventory turnover ratio is sustained, as a significant deviation from this trend could indicate changes in demand patterns, supply chain disruptions, or potentially inefficient inventory management practices.