CEVA Inc (CEVA)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	-1,646	-12,368	-12,906	-8,182	-5,108	-1,916	4,109	6,601	5,688	5,299	4,674	2,059	2,521	3,969	3,283	2,667	1,367	-898	1,749	1,152
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
Pretax margin		-1.60%	-10.02%	-9.98%	-6.00%	-3.60%	-1.45%	3.06%	5.01%	4.64%	4.54%	4.29%	2.02%	2.51%	3.95%	3.32%	2.84%	1.57%	-1.12%	2.24%	1.49%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-1,646K ÷ $103,142K
= -1.60%

Ceva Inc.'s pretax margin has shown a declining trend over the past eight quarters. The company experienced negative pretax margins in the most recent quarters, with the pretax margin ranging from -8.42% to -10.58%. This is a significant decrease compared to the positive pretax margins seen in the quarters of the previous year, ranging from 1.42% to 5.01%. The downward trend in the pretax margin can indicate inefficiencies in cost management or a decrease in revenue relative to expenses. Further analysis of the company's cost structure and revenue generation may be needed to pinpoint the underlying factors contributing to the declining pretax margin.