CEVA Inc (CEVA)

Total 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
Total assets	US$ in thousands	308,948	304,085	308,442	328,659	306,952
Total asset turnover		0.35	0.32	0.44	0.37	0.33

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $106,939K ÷ $308,948K
= 0.35

Total asset turnover is a key financial ratio that measures a company's efficiency in generating sales revenue from its total assets. For CEVA Inc, the trend of total asset turnover over the past five years shows some fluctuations.

As of December 31, 2020, the total asset turnover was 0.33, indicating that the company generated $0.33 in sales for every $1 of total assets. This figure increased to 0.37 by December 31, 2021, suggesting an improvement in asset utilization. The ratio further improved to 0.44 as of December 31, 2022, indicating that the company became more efficient in generating sales from its assets.

However, there was a slight decline in total asset turnover to 0.32 by December 31, 2023, which could be a point of concern as it may suggest a decrease in asset efficiency. Nonetheless, the ratio rebounded to 0.35 by December 31, 2024, signifying a potential improvement in asset utilization.

In conclusion, the trend in CEVA Inc's total asset turnover indicates fluctuations over the years, with periods of improvement and slight declines. Further analysis of the company's operations and asset management practices may be necessary to understand the underlying factors driving these changes and to ensure sustained efficiency in utilizing its total assets for generating sales.