CEVA Inc (CEVA)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -13,467 | 3,896 | 3,508 | -763 | -1,924 |
| Revenue | US$ in thousands | 97,419 | 134,648 | 122,706 | 100,326 | 87,152 |
| Operating profit margin | -13.82% | 2.89% | 2.86% | -0.76% | -2.21% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-13,467K ÷ $97,419K
= -13.82%
The operating profit margin of CEVA Inc has seen fluctuations over the past five years. In 2023, the operating profit margin was negative at -13.82%, indicating that the company's operating expenses exceeded its operating income. This could be a concerning sign regarding the company's operational efficiency and cost management.
In 2022 and 2021, CEVA Inc showed positive operating profit margins of 2.89% and 2.86% respectively. This suggests that the company was able to generate operating income relative to its net sales, indicating a healthier financial performance during those years.
In 2020 and 2019, the operating profit margins were negative at -0.76% and -2.21% respectively. This indicates that the company faced challenges in generating operating profits compared to its total revenue during those years.
Overall, CEVA Inc's operating profit margin has shown variability, with both positive and negative margins in recent years. It would be important for the company to closely monitor and manage its operating expenses to improve its operational efficiency and profitability.
Peer comparison
Dec 31, 2023