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CEVA (CEVA) EBIT : $-10.4 Mil (TTM As of Sep. 2024)


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What is CEVA EBIT?

CEVA's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $-2.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-10.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CEVA's annualized ROC % for the quarter that ended in Sep. 2024 was -36.58%. CEVA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -26.43%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CEVA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -1.68%.


CEVA EBIT Historical Data

The historical data trend for CEVA's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CEVA EBIT Chart

CEVA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.92 2.97 9.64 4.59 -13.47

CEVA Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.72 -2.79 -4.96 -0.04 -2.62

Competitive Comparison of CEVA's EBIT

For the Semiconductors subindustry, CEVA's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CEVA's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, CEVA's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CEVA's EV-to-EBIT falls into.



CEVA EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-10.4 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


CEVA  (NAS:CEVA) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

CEVA's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=-10.496 * ( 1 - -331.25% )/( (122.454 + 125.049)/ 2 )
=-45.264/123.7515
=-36.58 %

where

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=300.402 - 19.537 - ( 158.411 - max(0, 24.982 - 207.267+158.411))
=122.454

Invested Capital(Q: Sep. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=304.891 - 21.73 - ( 158.112 - max(0, 27.719 - 210.712+158.112))
=125.049

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

CEVA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-10.496/( ( (12.98 + max(26.489, 0)) + (12.5 + max(27.452, 0)) )/ 2 )
=-10.496/( ( 39.469 + 39.952 )/ 2 )
=-10.496/39.7105
=-26.43 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.655 + 0 + 13.201) - (19.537 + 2.83 + 0)
=26.489

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(38.63 + 0 + 13.97) - (21.73 + 3.418 + 0)
=27.452

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

CEVA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-10.406/618.027
=-1.68 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


CEVA EBIT Related Terms

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CEVA Business Description

Traded in Other Exchanges
Address
15245 Shady Grove Road, Suite 400, Rockville, MD, USA, 20850
CEVA Inc is a licensor of signal-processing intellectual property. Through partnerships with semiconductor companies and original equipment manufacturers globally, the company helps produce devices for a range of end markets. OEMs and semiconductor companies choose to sell products with CEVA equipment to wireless, consumer, automotive, and Internet of Things companies. Revenue is derived primarily from licensing fees and related revenue, and royalties generated from the shipments of products utilizing its intellectual properties. CEVA also engages in the training and sale of development systems.
Executives
Louis Silver director C/O CEVA, INC., 1943 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043
Amir Panush officer: Chief Executive Officer 15245 SHADY GROVE ROAD, SUITE 400, ROCKVILLE MD 20850
Gweltaz Toquet officer: Chief Commercial Officer C/O CEVA, INC., 15245 SHADY GROVE ROAD, SUITE 400, ROCKVILLE MD 20850
Michael Boukaya officer: Chief Operating Officer 1174 CASTRO STREET, SUITE 210, MOUNTAIN VIEW CA 94040
Issachar Ohana officer: EVP Worldwide Sales C/O CEVA, INC., 1943 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043
Gideon Wertheizer officer: EVP and GM DSP Cores C/O CEVA, INC., 1943 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043
Yaniv Arieli officer: Chief Financial Officer C/O CEVA, INC., 1943 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043
Zvi Limon director C/O CEVA, INC., 1943 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043
Sven Christer Nilsson director C/O CEVA, INC., 1943 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043
Maria Marced director C/O CEVA, INC.,1174 CASTRO STREET, SUITE 210, MOUNTAIN VIEW CA 94040
Eliyahu Ayalon director C/O CEVA, INC., 1943 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043
Jaclyn Liu director C/O CEVA, INC., 15245 SHADY GROVE ROAD, SUITE 400, ROCKVILLE MD 20850
Peter Mcmanamon director C/O CEVA, INC., 1943 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043
Bruce Mann director C/O CEVA, INC., 1943 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043
Bernadette Andrietti director C/O CEVA, INC.,1174 CASTRO STREET, SUITE, MOUNTAIN VIEW CA 94040