CEVA Inc (CEVA)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 264,341 | 258,871 | 276,732 | 260,889 | 251,157 |
| ROE | -4.49% | -8.96% | 0.14% | -0.91% | 0.01% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-11,878K ÷ $264,341K
= -4.49%
The return on equity (ROE) for CEVA Inc has fluctuated over the past five years. In 2023, the company experienced a negative ROE of -4.49%, indicating that it generated a loss for shareholders relative to their equity investment. This was an improvement from the previous year, where the ROE was -8.96%. In 2021, the ROE improved slightly to 0.14%, signaling a small return for shareholders.
However, in both 2020 and 2019, the company had negative ROE figures of -0.91% and 0.01% respectively, with minimal returns or losses for shareholders.
Overall, the trend in ROE for CEVA Inc shows inconsistency in generating returns for shareholders, with a mix of negative and low positive ROE figures in the last five years. It is important for the company to focus on improving its profitability and operational efficiency to enhance shareholder value.
Peer comparison
Dec 31, 2023