InterDigital Inc (IDCC)
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 | 62,862 | 56,270 | 57,409 | 54,816 | 55,791 | 53,697 | 53,437 | 53,998 | 50,609 | 60,681 | 74,286 | 100,117 | 99,908 | 92,173 | 75,004 | 48,713 | 51,199 | 50,771 | 53,388 | 55,608 |
| Inventory | US$ in thousands | — | 9,690 | — | 0 | 15,238 | 18,703 | 23,659 | — | 0 | 18,990 | 20,663 | 18,378 | 72,467 | 14,748 | 13,645 | 12,045 | — | — | 0 | 0 |
| Inventory turnover | — | 5.81 | — | — | 3.66 | 2.87 | 2.26 | — | — | 3.20 | 3.60 | 5.45 | 1.38 | 6.25 | 5.50 | 4.04 | — | — | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $62,862K ÷ $—K
= —
InterDigital Inc's inventory turnover has shown fluctuations over the past several quarters. The inventory turnover ratio indicates how efficiently the company is managing its inventory by measuring the number of times inventory is sold and replaced over a period.
1. In March 2021, the inventory turnover ratio was 4.04, indicating that inventory was turning over approximately 4 times during that quarter.
2. The ratio increased to 5.50 in June 2021, suggesting a more efficient use of inventory during that period.
3. By September 2021, the inventory turnover further improved to 6.25, showing a significant increase in the rate at which inventory was being sold and replenished.
4. However, by December 2021, the ratio dropped to 1.38, suggesting a slower turnover of inventory during that quarter.
5. In March 2022, the ratio rebounded to 5.45, reflecting a more efficient management of inventory.
6. The ratio decreased to 3.60 in June 2022 and further dropped to 3.20 in September 2022.
7. In June 2023, the inventory turnover ratio was 2.26, indicating a decrease in the rate at which inventory was being turned over.
8. The ratio improved slightly to 2.87 in September 2023 and further increased to 3.66 in December 2023.
9. By September 2024, the inventory turnover ratio picked up significantly to 5.81.
The variations in the inventory turnover ratio suggest fluctuations in InterDigital Inc's inventory management efficiency. The company may need to closely monitor and optimize its inventory levels to ensure a balance between stocking enough inventory to meet demand and avoiding excess holding costs.
Peer comparison
Dec 31, 2024
Dec 31, 2024