CEVA Inc (CEVA)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 106,939 | 97,419 | 134,648 | 122,706 | 100,326 |
| Property, plant and equipment | US$ in thousands | — | — | 7,099 | 15,592 | 7,586 |
| Fixed asset turnover | — | — | 18.97 | 7.87 | 13.23 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $106,939K ÷ $—K
= —
CEVA Inc's fixed asset turnover has shown fluctuating trends over the years. In 2020, the fixed asset turnover stood at 13.23, indicating that the company generated $13.23 in revenue for each dollar invested in fixed assets. However, by the end of 2021, the ratio decreased to 7.87, suggesting a decline in efficiency in utilizing fixed assets to generate revenue.
The ratio significantly improved in 2022, reaching a high of 18.97, which indicates a more efficient utilization of fixed assets to generate revenue compared to the previous years. The data for 2023 and 2024 is not available, denoted by "—" which could be due to various reasons like incomplete data or changes in reporting.
It's important for CEVA Inc to closely monitor its fixed asset turnover ratio to ensure efficient management and optimal utilization of its fixed assets to drive revenue generation and profitability. Monitoring this ratio over time can provide insights into the company's operational efficiency and asset utilization strategies.
Peer comparison
Dec 31, 2024