CEVA Inc (CEVA)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	103,142	123,395	129,372	136,395	142,051	131,693	134,433	131,695	122,706	116,794	108,964	102,113	100,326	100,493	99,004	93,798	87,152	80,241	78,183	77,277
Total assets	US$ in thousands	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	297,021	293,925	284,765	286,832
Total asset turnover		0.34	0.42	0.43	0.44	0.46	0.45	0.42	0.39	0.37	0.37	0.35	0.32	0.33	0.33	0.33	0.32	0.29	0.27	0.27	0.27

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $103,142K ÷ $304,085K
= 0.34

The total asset turnover ratio indicates how efficiently a company is utilizing its assets to generate revenue. In the case of Ceva Inc., the total asset turnover has been fluctuating over the past eight quarters.

The total asset turnover ratio has decreased from 0.44 in Q4 2022 to 0.32 in Q4 2023. This decline may indicate that Ceva Inc. is becoming less efficient in generating revenue from its assets. However, it's worth noting that the ratio has varied between 0.32 to 0.46 over the periods analyzed, suggesting some level of volatility or inconsistency in the company's asset utilization.

Overall, Ceva Inc. should focus on improving its total asset turnover to ensure that its assets are being effectively employed to drive revenue growth and maximize profitability. Further analysis of the company's operations and investment in strategies to enhance asset utilization may be necessary to improve its financial performance.