CEVA Inc (CEVA)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,884 | -11,878 | -23,183 | 396 | -2,379 |
| Total assets | US$ in thousands | 308,948 | 304,085 | 308,442 | 328,659 | 306,952 |
| ROA | 1.58% | -3.91% | -7.52% | 0.12% | -0.78% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $4,884K ÷ $308,948K
= 1.58%
Based on the provided data, CEVA Inc's return on assets (ROA) has exhibited significant variability over the period from December 31, 2020, to December 31, 2024. The ROA was negative at -0.78% on December 31, 2020, indicating that the company generated a loss relative to its asset base.
However, there was an improvement in profitability as of December 31, 2021, with the ROA increasing to 0.12%, suggesting a slight positive return on assets. Subsequently, the ROA deteriorated sharply to -7.52% by December 31, 2022, reflecting a significant decline in profitability and an inefficient utilization of assets.
The negative trend continued in the following years, with the ROA remaining negative at -3.91% on December 31, 2023. Nevertheless, there was a notable improvement in performance by December 31, 2024, as indicated by an ROA of 1.58%, signifying a return to positive territory and potentially better asset utilization and profitability for CEVA Inc.
Overall, the fluctuations in CEVA Inc's ROA highlight the company's changing financial performance and efficiency in generating profits relative to its asset base over the period under review.
Peer comparison
Dec 31, 2024