PDF Solutions Inc (PDFS)

Inventory turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	51,749	50,346	48,609	48,282	47,907	47,791	46,316	45,059	44,193	42,357	40,780	38,941	36,765	35,985	35,207	34,093	33,474	34,136	36,104	39,189
Inventory	US$ in thousands	—	—	—	0	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Inventory turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $51,749K ÷ $—K
= —

As the table does not provide specific data on inventory turnover for PDF Solutions Inc. across the specified quarters, we are unable to calculate or analyze the trend in inventory turnover over the given periods. To perform an in-depth analysis of inventory turnover for the company, it would be necessary to access the relevant financial statements or accounting records to determine the cost of goods sold and average inventory levels for each quarter.

Inventory turnover is a key financial ratio that provides insights into how efficiently a company manages its inventory. A high inventory turnover ratio indicates that inventory is being sold quickly, which is generally favorable as it reduces holding costs and potential obsolescence risks. Conversely, a low inventory turnover ratio may suggest overstocking or slow sales, potentially leading to higher carrying costs and liquidity issues.

For a comprehensive analysis of PDF Solutions Inc.'s inventory turnover, it is essential to calculate the ratio for each period and compare the values over time to identify any trends or anomalies. This analysis can shed light on the company's inventory management practices, demand for its products, and overall operational efficiency.