CEVA Inc (CEVA)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 84.97% | 76.94% | 75.45% | 75.79% | 75.99% | 81.16% | 82.16% | 84.17% | 86.29% | 88.53% | 89.84% | 89.84% | 89.29% | 88.97% | 88.54% | 88.45% | 88.40% | 88.45% | 89.12% | 89.65% |
| 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% |
| 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% |
| Net profit margin | -11.52% | -11.11% | -24.00% | -19.33% | -16.32% | -16.13% | 0.66% | 1.77% | 0.32% | -2.44% | -3.14% | -4.72% | -2.37% | 0.05% | 1.58% | 1.22% | 0.03% | -0.91% | 1.33% | 0.59% |
Ceva Inc.'s profitability ratios show variations over the past eight quarters. The gross profit margin has generally been strong, fluctuating between 79.74% and 88.04%. This indicates that the company has been able to effectively control its production costs and pricing strategies.
However, the operating profit margin has experienced significant fluctuations, ranging from -13.82% to 4.03%. The negative values in Q4 2023 to Q2 2023 suggest that the company's operating expenses have been higher than its operating revenues during these periods. This indicates potential inefficiencies in the company's cost structure or operating activities.
Similarly, the pretax margin has also shown variability, with values ranging from -10.58% to 5.01%. The negative values in Q4 2023 to Q2 2023 indicate that Ceva Inc. has been incurring losses before accounting for taxes during these quarters.
The net profit margin has also displayed fluctuations, varying between -25.46% and 1.77%. The negative values in Q4 2023 to Q2 2023 suggest that the company's overall profitability after considering all expenses, including taxes, has been impacted by losses during these quarters.
Overall, Ceva Inc. has shown strengths in maintaining a relatively high gross profit margin, but a closer look is needed to address the issues impacting its operating profit, pretax, and net profit margins in certain quarters. Identifying and addressing the root causes of these fluctuations will be important for the company's sustainable profitability.
Return on investment
| 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 return on assets (Operating ROA) | -5.45% | -7.46% | -7.23% | -5.05% | -3.39% | -0.21% | 1.08% | 1.58% | 1.07% | 1.37% | 0.86% | -0.14% | -0.25% | 0.10% | 0.01% | -0.22% | -0.65% | -1.09% | -0.28% | -0.44% |
| Return on assets (ROA) | -3.91% | -4.63% | -10.34% | -8.47% | -7.52% | -7.21% | 0.28% | 0.70% | 0.12% | -0.90% | -1.10% | -1.53% | -0.78% | 0.02% | 0.53% | 0.39% | 0.01% | -0.25% | 0.36% | 0.16% |
| Return on total capital | -6.27% | -8.60% | -8.40% | -6.05% | -4.04% | -0.24% | 1.26% | 1.91% | 1.27% | 1.62% | 1.01% | -0.16% | -0.29% | 0.11% | 0.01% | -0.26% | -0.77% | -1.29% | -0.32% | -0.52% |
| Return on equity (ROE) | -4.49% | -5.34% | -12.01% | -10.14% | -8.96% | -8.42% | 0.33% | 0.84% | 0.14% | -1.06% | -1.29% | -1.84% | -0.91% | 0.02% | 0.62% | 0.46% | 0.01% | -0.29% | 0.42% | 0.19% |
Ceva Inc.'s profitability ratios show a mixed performance over the past eight quarters. The company's Operating Return on Assets (Operating ROA) has been negative in most quarters, indicating that its operating income generated from its assets has been insufficient to cover the asset base. This trend worsened over time, with Q4 2023 and Q3 2023 showing the lowest Operating ROA at -4.43% and -5.19%, respectively.
Return on Assets (ROA) also reflects a negative trend with a consistent decline in most quarters. This ratio indicates that the company's net income generated from its total assets has been decreasing, reaching its lowest point in Q3 2023 and Q2 2023 at -4.63% and -10.34%, respectively.
Return on Total Capital shows a similar negative trend, with a decline in profitability in most quarters. This ratio reflects the company's ability to generate returns from both debt and equity capital investments. The lowest return was observed in Q3 2023 at -5.98%.
Return on Equity (ROE) also shows a decline over the quarters, indicating a decreasing ability to generate returns for shareholders based on the equity invested. The lowest ROE was seen in Q3 2023 and Q2 2023 at -5.34% and -12.01%, respectively.
Overall, the profitability ratios of Ceva Inc. suggest challenges in efficiently utilizing assets, generating returns on investments, and creating value for shareholders. Management may need to reassess its strategies to improve profitability and enhance shareholder value.