InterDigital Inc (IDCC)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | 3.50 | — | 1.38 | — | |
| DOH | days | — | 104.37 | — | 264.87 | — |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Based on the provided data for InterDigital Inc's days of inventory on hand (DOH):
1. As of December 31, 2020, the DOH was not available as indicated by "— days." This could suggest that specific inventory data for that period may not have been reported or calculated.
2. By December 31, 2021, the DOH increased significantly to 264.87 days. A high DOH may imply that the company is carrying excess inventory relative to its sales levels, which could potentially lead to increased carrying costs and reduced liquidity.
3. The DOH remains unavailable for December 31, 2022, similar to the data for 2020. Again, the lack of specific data for this period could hinder a detailed analysis of inventory management during that time.
4. On December 31, 2023, the DOH decreased to 104.37 days. This reduction may indicate that InterDigital Inc improved its inventory management efficiency by reducing the number of days it takes to sell its inventory, which could positively impact working capital and cash flow.
5. No information is provided for December 31, 2024. Therefore, it is challenging to assess any potential trends or developments in inventory management beyond 2023 based on the available data.
Overall, the fluctuations in InterDigital Inc's DOH over the years suggest varying levels of efficiency in managing its inventory. Further analysis, in conjunction with other financial metrics, would be beneficial to gain a comprehensive understanding of the company's inventory management practices and overall operational performance.
Peer comparison
Dec 31, 2024