CEVA Inc (CEVA)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 97,419 | 134,648 | 122,706 | 100,326 | 87,152 |
| Receivables | US$ in thousands | 30,307 | 31,250 | 27,449 | 31,224 | 28,307 |
| Receivables turnover | 3.21 | 4.31 | 4.47 | 3.21 | 3.08 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $97,419K ÷ $30,307K
= 3.21
The receivables turnover for CEVA Inc has shown fluctuations over the past five years. In 2023, the company's receivables turnover ratio decreased to 3.21 compared to the previous year's 4.31. This indicates that CEVA Inc collected its accounts receivable approximately 3.21 times during the year.
Comparing 2023 to 2021, the receivables turnover also decreased from 4.47 to 3.21. It is worth noting that the company was able to collect its receivables more frequently in 2021 compared to 2023.
When looking at the trend from 2020 to 2019, the receivables turnover increased from 3.21 to 3.08. This suggests that in 2020, CEVA Inc collected its accounts receivable approximately 3.21 times, whereas in 2019 it was slightly lower at 3.08 times.
Overall, the fluctuation in CEVA Inc's receivables turnover ratio over the past five years indicates varying efficiencies in collecting accounts receivable. Further analysis and comparison with industry benchmarks may provide deeper insights into the company's receivables management performance.
Peer comparison
Dec 31, 2023