CEVA Inc (CEVA)

Fixed asset 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
Revenue (ttm)	US$ in thousands	106,939	101,878	98,744	96,479	100,669	109,909	119,496	126,519	134,648	135,303	134,433	131,695	122,706	116,794	108,964	102,113	100,326	100,493	99,004	93,798
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	6,868	6,696	7,099	7,370	7,610	7,842	15,592	6,840	15,632	7,829	7,586	8,084	7,843	7,944
Fixed asset turnover		—	—	—	—	—	—	17.40	18.89	18.97	18.36	17.67	16.79	7.87	17.08	6.97	13.04	13.23	12.43	12.62	11.81

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $106,939K ÷ $—K
= —

CEVA Inc's fixed asset turnover ratio has displayed fluctuations over the years. The ratio increased steadily from March 31, 2020, to September 30, 2021, indicating effective utilization of the company's fixed assets to generate revenue. The peak was observed on December 31, 2022, where the ratio reached 18.97, reflecting a strong performance in generating sales relative to the investment in fixed assets.

However, there was a significant decrease in the fixed asset turnover ratio in the following periods, particularly in the first and third quarters of 2023, and then a partial recovery by December 31, 2023. The ratio remained unchanged in the subsequent quarters up to June 30, 2024, with a value of 17.40.

It is important to note that there is missing data for the fixed asset turnover ratio from September 30, 2023, onwards. This lack of information hinders a complete assessment of the company's ability to efficiently utilize its fixed assets to generate revenue in the most recent periods.

Overall, while the trend in the fixed asset turnover ratio has shown some variability, CEVA Inc's historical performance suggests a generally efficient use of fixed assets to drive sales. However, further data beyond June 30, 2024, would be needed to provide a comprehensive analysis of the company's fixed asset turnover ratio.