CEVA Inc (CEVA)

Total 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
Total assets	US$ in thousands	308,948	304,891	300,402	301,439	304,085	295,987	300,273	311,134	308,442	294,814	319,407	335,040	328,659	317,711	310,625	315,533	306,952	301,564	296,306	295,917
Total asset turnover		0.35	0.33	0.33	0.32	0.33	0.37	0.40	0.41	0.44	0.46	0.42	0.39	0.37	0.37	0.35	0.32	0.33	0.33	0.33	0.32

December 31, 2024 calculation

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

Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its assets. Looking at the data provided for CEVA Inc, we can observe fluctuations in the total asset turnover ratio over the periods mentioned.

From March 31, 2020, to December 31, 2021, the total asset turnover ratio remained relatively stable, ranging between 0.32 and 0.37. This indicates that for every dollar of assets the company had during this period, it generated sales revenue ranging from 32 to 37 cents.

In the subsequent periods from March 31, 2022, to December 31, 2024, there was an increasing trend in the total asset turnover ratio. The ratio improved from 0.39 in March 2022 to 0.35 in December 2024. This upward trend suggests that the company became more efficient in utilizing its assets to generate sales revenue over time.

However, there was a slight decline in the total asset turnover ratio from 0.44 in December 2022 to 0.32 in March 2024, although it picked up again in the following periods.

Overall, analyzing the total asset turnover ratio of CEVA Inc indicates fluctuations in the company's efficiency in generating sales revenue from its assets, with periods of stability and improvement observed. Further analysis and comparison with industry peers may provide deeper insights into the company's operational efficiency.