CEVA Inc (CEVA)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-11,878	-23,183	396	-2,379	28
Total assets	US$ in thousands	304,085	308,442	328,659	306,952	297,021
ROA		-3.91%	-7.52%	0.12%	-0.78%	0.01%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $-11,878K ÷ $304,085K
= -3.91%

CEVA Inc's return on assets (ROA) has displayed fluctuations over the past five years. In 2023, the ROA was -3.91%, an improvement from the previous year's -7.52%. However, in 2021, the ROA was a modest 0.12%. The company experienced a decline in ROA in 2020 with a negative return of -0.78%, following a slightly positive ROA of 0.01% in 2019.

Overall, CEVA Inc's ROA indicates that the company has faced challenges in generating profits from its assets, with negative returns in recent years. The improvement in 2023 is a positive sign, but the company needs to focus on efficiently utilizing its assets to enhance profitability and sustainability in the long term.