InterDigital Inc (IDCC)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 53,291 | 50,609 | 99,861 | 50,099 | 54,420 |
| Inventory | US$ in thousands | 15,238 | 0 | 72,467 | — | — |
| Inventory turnover | 3.50 | — | 1.38 | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $53,291K ÷ $15,238K
= 3.50
To calculate the inventory turnover for Interdigital Inc, we need the cost of goods sold (COGS) and the average inventory for each year. The formula for inventory turnover is:
Inventory Turnover = COGS / Average Inventory
Without the specific values for COGS and inventory for each year, the inventory turnover ratio cannot be calculated. To provide a detailed and comprehensive analysis of Interdigital Inc's inventory turnover, the company's financial statements or additional information on COGS and inventory levels for the years 2019 to 2023 would be required.
Inventory turnover is a crucial ratio in assessing how efficiently a company manages its inventory levels. A higher inventory turnover ratio indicates that a company sells its products quickly, which can lead to lower storage costs and reduced risk of obsolete inventory. Conversely, a lower inventory turnover may indicate overstocking, slow-moving goods, or ineffective sales strategies.
Further analysis and comparison of Interdigital Inc's inventory turnover over multiple years could provide insights into the company's inventory management practices, sales effectiveness, and overall operational efficiency.
Peer comparison
Dec 31, 2023