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.
Peer comparison
Dec 31, 2023