CEVA (STU:PVJA) Receivables Turnover : 0.72 (As of Sep. 2024)

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What is CEVA Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. CEVA's Revenue for the three months ended in Sep. 2024 was €24.51 Mil. CEVA's average Accounts Receivable for the three months ended in Sep. 2024 was €33.96 Mil. Hence, CEVA's Receivables Turnover for the three months ended in Sep. 2024 was 0.72.

CEVA Receivables Turnover Historical Data

The historical data trend for CEVA's Receivables Turnover 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.

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CEVA Receivables Turnover Chart

CEVA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.24

3.23

4.03

4.34

3.19

CEVA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.77	0.78	0.69	0.82	0.72

Competitive Comparison of CEVA's Receivables Turnover

For the Semiconductors subindustry, CEVA's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, CEVA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CEVA's Receivables Turnover falls into.

CEVA Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

CEVA's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	89.333	/ (	(28.16	+	27.792)	/	2 )
=	89.333	/	27.976
=	3.19

CEVA's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	24.514	/ (	(33.123	+	34.806)	/	2 )
=	24.514	/	33.9645
=	0.72

CEVA (STU:PVJA) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

CEVA Receivables Turnover Related Terms

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CEVA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » CEVA Inc (STU:PVJA) » Definitions » Receivables Turnover

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CEVA:USA CEVA:Mexico 0Q19:UK

Address

15245 Shady Grove Road, Suite 400, Rockville, MD, USA, 20850

Website

https://www.ceva-dsp.com

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.

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