CEVA Inc (CEVA)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	-7,545	-13,467	4,214	1,524	-763
Total assets	US$ in thousands	308,948	304,085	308,442	328,659	306,952
Operating ROA		-2.44%	-4.43%	1.37%	0.46%	-0.25%

December 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $-7,545K ÷ $308,948K
= -2.44%

CEVA Inc's operating return on assets (operating ROA) has displayed significant fluctuations over the past five years. The trend indicates a mix of positive and negative performance levels:

1. As of December 31, 2020, the operating ROA stood at -0.25%, reflecting a slight negative return on assets for that year.

2. By December 31, 2021, the operating ROA improved to 0.46%, indicating a positive return on assets, marking a turnaround from the previous year.

3. The performance continued to strengthen by December 31, 2022, with the operating ROA reaching 1.37%, demonstrating further improvement in asset utilization and profitability.

4. However, there was a significant decline in performance by December 31, 2023, as the operating ROA decreased to -4.43%, reflecting a substantial negative return on assets for that year.

5. The following year, by December 31, 2024, the operating ROA improved slightly but remained in negative territory at -2.44%, indicating continued challenges in generating positive returns from assets.

Overall, the analysis reveals a volatile performance in terms of operating ROA for CEVA Inc over the specified period, with fluctuations ranging from negative to positive returns on assets. Further investigation into the company's operational efficiency and profitability drivers may be warranted to understand the factors contributing to these fluctuations.