CEVA Inc (CEVA)

Operating profit margin

		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
Operating income (ttm)	US$ in thousands	-16,571	-22,080	-21,722	-15,724	-10,463	-611	3,442	5,306	3,508	4,359	2,667	-430	-763	288	19	-655	-1,924	-3,210	-791	-1,269
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
Operating profit margin		-16.07%	-17.89%	-16.79%	-11.53%	-7.37%	-0.46%	2.56%	4.03%	2.86%	3.73%	2.45%	-0.42%	-0.76%	0.29%	0.02%	-0.70%	-2.21%	-4.00%	-1.01%	-1.64%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-16,571K ÷ $103,142K
= -16.07%

Ceva Inc.'s operating profit margin has shown a declining trend over the eight quarters presented. In Q4 2023, the company experienced a significantly negative operating profit margin of -13.82%, marking a substantial decrease from the previous quarter. This downward trend was also evident in Q3 2023, where the margin decreased to -13.66%. The company's operating performance was comparatively better in Q2 and Q1 2023, with margins of -10.75% and -5.52%, respectively.

Looking back to 2022, the operating profit margin continued to decrease throughout the year. In Q4 2022, the margin stood at -1.38%, showing a slight decline from Q3 2022, where the margin was 0.94%. Q2 and Q1 2022 had higher operating profit margins of 2.56% and 4.03%, respectively, indicating a more positive performance compared to the later quarters analyzed.

Overall, Ceva Inc.'s operating profit margin presents a concerning trend of decreasing profitability over the quarters, with Q4 2023 marking a particularly significant decline. The company may need to assess and address the factors contributing to this trend to improve its operating efficiency and financial performance in the future.