CEVA Inc (CEVA)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -1,646 | -5,108 | 5,688 | 2,521 | 1,367 |
| Revenue | US$ in thousands | 97,419 | 134,648 | 122,706 | 100,326 | 87,152 |
| Pretax margin | -1.69% | -3.79% | 4.64% | 2.51% | 1.57% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-1,646K ÷ $97,419K
= -1.69%
The pretax margin of CEVA Inc has fluctuated over the past five years. In 2023, the pretax margin was -1.69%, an improvement from the previous year's -3.79%. However, it was below the levels seen in 2021 and 2020, when the company achieved pretax margins of 4.64% and 2.51% respectively. The pretax margin in 2019 was 1.57%.
The negative pretax margins in 2022 and 2023 indicate that CEVA Inc's expenses and taxes were higher than its revenues during those years. The positive pretax margins in 2021 and 2020 suggest that the company was able to generate profit before tax expenses. Overall, analyzing the trend in pretax margin can provide insights into the efficiency of the company's cost management and revenue generation strategies.
Peer comparison
Dec 31, 2023