CEVA Inc (CEVA)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -8,786 | -3,281 | -6,927 | -12,454 | -11,878 | -13,707 | -31,054 | -26,359 | -23,183 | -21,245 | 892 | 2,330 | 396 | -2,847 | -3,419 | -4,824 | -2,379 | 48 | 1,562 | 1,140 |
| Total assets | US$ in thousands | 308,948 | 304,891 | 300,402 | 301,439 | 304,085 | 295,987 | 300,273 | 311,134 | 308,442 | 294,814 | 319,407 | 335,040 | 328,659 | 317,711 | 310,625 | 315,533 | 306,952 | 301,564 | 296,306 | 295,917 |
| ROA | -2.84% | -1.08% | -2.31% | -4.13% | -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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-8,786K ÷ $308,948K
= -2.84%
The return on assets (ROA) of CEVA Inc has displayed significant fluctuations over the reporting periods, ranging from a high of 0.70% on March 31, 2022, to a low of -10.34% on June 30, 2023.
Overall, the trend in ROA shows a mixed performance with periods of positive and negative returns. The company experienced negative ROA figures in the latter half of 2022 and the first half of 2023, indicating potential challenges in generating profits relative to its total assets during those periods.
It is important to note that a negative ROA implies that the company is not efficiently utilizing its assets to generate profits. This could be a concern for investors and stakeholders as it may signify operational inefficiencies or financial difficulties during those specific periods.
However, the ROA improved slightly towards the end of 2024, with a decrease in negative figures, suggesting a potential turnaround in the company's asset utilization efficiency.
In conclusion, the analysis of CEVA Inc's ROA indicates a volatile performance with periods of both positive and negative returns, reflecting fluctuations in the company's profitability relative to its assets over the specified reporting periods.
Peer comparison
Dec 31, 2024