CEVA Inc (CEVA)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 304,085 | 308,442 | 328,659 | 306,952 | 297,021 |
| Operating ROA | -4.43% | 1.26% | 1.07% | -0.25% | -0.65% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $-13,467K ÷ $304,085K
= -4.43%
CEVA Inc's operating return on assets (operating ROA) has exhibited variability over the past five years. In 2023, the operating ROA stands at -4.43%, indicating that the company generated a negative return from its operating activities relative to its assets. This signifies that CEVA Inc may be facing challenges in efficiently utilizing its assets to generate profits.
In the preceding years, CEVA Inc's operating ROA has shown mixed performance. For instance, in 2022 and 2021, the company's operating ROA improved to 1.26% and 1.07%, respectively, suggesting better operational efficiency and profitability in those years. However, the operating ROA dipped into negative territory in 2020 and 2019, at -0.25% and -0.65% respectively, implying a struggle to generate sufficient returns from its operating activities compared to the assets employed.
Overall, the fluctuating trend in CEVA Inc's operating ROA indicates the company's varying ability to generate profits from its operational activities relative to its asset base. Further analysis and investigation into the factors influencing these fluctuations would be necessary to understand the company's operational performance comprehensively.
Peer comparison
Dec 31, 2023