CEVA Inc (CEVA)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	-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	28	-731	1,037	459
Total assets	US$ in thousands	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	297,021	293,925	284,765	286,832
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%

December 31, 2023 calculation

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

The return on assets (ROA) for Ceva Inc. has shown a fluctuating trend over the past eight quarters.

In Q4 2023, the ROA was -3.91%, which indicates that the company generated a negative return on its assets during that period. This was an improvement compared to the previous quarter, where the ROA was -4.63%.

However, prior to that, in Q2 and Q1 2023, the company experienced significant declines in ROA at -10.34% and -8.47% respectively. This suggests that Ceva Inc. was less efficient in generating profit from its assets during those quarters.

Looking back to Q4 2022 and Q3 2022, the ROA remained negative but showed a relatively better performance compared to the first two quarters of 2023. However, the ROA was hovering around the -7% mark during this period.

The only positive ROA figures were observed in Q2 and Q1 2022, where the ROA was 0.28% and 0.70% respectively. These two quarters show that the company was able to generate a minimal return from its assets, albeit at a low level.

Overall, the ROA trend for Ceva Inc. indicates inconsistency in the company's ability to generate profit from its assets, with several quarters experiencing negative returns and only a couple of quarters showing minimal positive returns. This suggests that Ceva Inc. may need to focus on improving its asset utilization and profitability in order to enhance its overall financial performance.