CEVA Income Before Tax vs Non Operating Income Net Other Analysis

CEVA Stock  USD 30.44  1.77  6.17%   
CEVA financial indicator trend analysis is way more than just evaluating CEVA Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CEVA Inc is a good investment. Please check the relationship between CEVA Income Before Tax and its Non Operating Income Net Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CEVA Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Income Before Tax vs Non Operating Income Net Other

Income Before Tax vs Non Operating Income Net Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CEVA Inc Income Before Tax account and Non Operating Income Net Other. At this time, the significance of the direction appears to have almost no relationship.
The correlation between CEVA's Income Before Tax and Non Operating Income Net Other is 0.13. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Non Operating Income Net Other in the same time period over historical financial statements of CEVA Inc, assuming nothing else is changed. The correlation between historical values of CEVA's Income Before Tax and Non Operating Income Net Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of CEVA Inc are associated (or correlated) with its Non Operating Income Net Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Operating Income Net Other has no effect on the direction of Income Before Tax i.e., CEVA's Income Before Tax and Non Operating Income Net Other go up and down completely randomly.

Correlation Coefficient

0.13
Relationship DirectionPositive 
Relationship StrengthInsignificant

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on CEVA income statement and is an important metric when analyzing CEVA Inc profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Non Operating Income Net Other

Most indicators from CEVA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CEVA Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CEVA Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
At present, CEVA's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 187.8 M, whereas Selling General Administrative is forecasted to decline to about 10.5 M.
 2021 2022 2023 2024 (projected)
Gross Profit105.9M107.6M85.8M54.6M
Total Revenue122.7M134.6M97.4M61.4M

CEVA fundamental ratios Correlations

1.00.570.770.950.90.440.55-0.64-0.79-0.650.43-0.07-0.820.530.620.920.570.910.60.170.520.890.830.30.95
1.00.530.810.960.860.390.48-0.68-0.82-0.640.4-0.03-0.850.480.570.90.540.940.550.090.530.920.780.270.96
0.570.530.210.340.690.530.63-0.11-0.18-0.32-0.01-0.04-0.210.630.520.680.160.310.40.35-0.120.260.73-0.230.39
0.770.810.210.880.510.110.1-0.58-0.75-0.370.350.42-0.760.170.280.530.30.920.29-0.120.720.930.440.20.87
0.950.960.340.880.80.320.41-0.65-0.84-0.620.530.04-0.860.370.530.820.550.950.510.10.680.940.70.370.96
0.90.860.690.510.80.610.82-0.36-0.55-0.640.55-0.28-0.60.720.830.940.650.690.750.50.40.650.960.380.8
0.440.390.530.110.320.610.770.130.07-0.630.54-0.490.030.680.710.510.550.190.660.670.320.170.620.350.35
0.550.480.630.10.410.820.770.16-0.01-0.460.59-0.53-0.070.890.830.670.560.250.770.870.270.20.780.370.42
-0.64-0.68-0.11-0.58-0.65-0.360.130.160.910.560.04-0.050.890.09-0.05-0.57-0.22-0.73-0.080.53-0.2-0.73-0.28-0.08-0.63
-0.79-0.82-0.18-0.75-0.84-0.550.07-0.010.910.51-0.21-0.150.990.03-0.19-0.69-0.33-0.86-0.170.33-0.33-0.85-0.44-0.14-0.78
-0.65-0.64-0.32-0.37-0.62-0.64-0.63-0.460.560.51-0.460.440.54-0.45-0.55-0.7-0.52-0.53-0.55-0.23-0.41-0.51-0.57-0.4-0.58
0.430.4-0.010.350.530.550.540.590.04-0.21-0.46-0.38-0.250.370.710.420.780.360.730.640.640.360.50.780.47
-0.07-0.03-0.040.420.04-0.28-0.49-0.53-0.05-0.150.44-0.38-0.12-0.43-0.38-0.28-0.480.18-0.48-0.50.040.2-0.2-0.410.05
-0.82-0.85-0.21-0.76-0.86-0.60.03-0.070.890.990.54-0.25-0.12-0.06-0.26-0.73-0.38-0.88-0.240.26-0.36-0.87-0.49-0.2-0.81
0.530.480.630.170.370.720.680.890.090.03-0.450.37-0.43-0.060.730.60.420.30.720.760.330.240.680.310.45
0.620.570.520.280.530.830.710.83-0.05-0.19-0.550.71-0.38-0.260.730.680.830.420.930.660.450.380.890.70.57
0.920.90.680.530.820.940.510.67-0.57-0.69-0.70.42-0.28-0.730.60.680.570.710.60.30.30.670.860.260.77
0.570.540.160.30.550.650.550.56-0.22-0.33-0.520.78-0.48-0.380.420.830.570.460.880.40.50.450.680.860.59
0.910.940.310.920.950.690.190.25-0.73-0.86-0.530.360.18-0.880.30.420.710.460.44-0.080.630.990.60.30.98
0.60.550.40.290.510.750.660.77-0.08-0.17-0.550.73-0.48-0.240.720.930.60.880.440.610.510.420.770.760.6
0.170.090.35-0.120.10.50.670.870.530.33-0.230.64-0.50.260.760.660.30.4-0.080.610.23-0.130.460.370.08
0.520.53-0.120.720.680.40.320.27-0.2-0.33-0.410.640.04-0.360.330.450.30.50.630.510.230.660.360.640.68
0.890.920.260.930.940.650.170.2-0.73-0.85-0.510.360.2-0.870.240.380.670.450.990.42-0.130.660.570.30.97
0.830.780.730.440.70.960.620.78-0.28-0.44-0.570.5-0.2-0.490.680.890.860.680.60.770.460.360.570.420.73
0.30.27-0.230.20.370.380.350.37-0.08-0.14-0.40.78-0.41-0.20.310.70.260.860.30.760.370.640.30.420.4
0.950.960.390.870.960.80.350.42-0.63-0.78-0.580.470.05-0.810.450.570.770.590.980.60.080.680.970.730.4
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CEVA Account Relationship Matchups

CEVA fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets297.0M307.0M328.7M308.4M304.1M197.2M
Total Stockholder Equity251.2M260.9M276.7M258.9M264.3M171.0M
Other Assets28.7M31.3M34.7M23.4M(4.1M)(3.9M)
Common Stock Shares Outstanding22.3M22.1M23.3M23.2M23.5M21.8M
Liabilities And Stockholders Equity297.0M307.0M328.7M308.4M304.1M197.2M
Other Stockholder Equity188.6M203.0M221.6M232.9M246.5M162.8M
Total Liab45.9M46.1M51.9M49.6M39.7M26.3M
Other Current Liab19.6M19.6M19.1M26.2M19.1M11.0M
Total Current Liabilities26.4M28.2M35.4M33.3M26.9M20.5M
Accounts Payable701K894K1.5M1.9M1.2M909.7K
Cash22.8M21.1M33.2M21.3M23.3M29.2M
Other Current Assets5.7M6.2M6.6M16.3M12.5M11.9M
Intangible Assets13.4M10.8M14.6M6.7M3.0M2.8M
Property Plant Equipment7.9M7.6M15.6M7.1M8.2M5.1M
Property Plant And Equipment Net18.9M16.6M15.6M17.4M13.7M14.4M
Non Current Assets Total118.5M139.4M139.7M130.8M98.8M84.9M
Non Currrent Assets Other19.1M20.5M8.7M23.0M23.4M24.6M
Cash And Short Term Investments144.6M130.1M154.9M139.5M166.5M117.4M
Net Receivables28.3M31.2M27.4M29.8M30.3M31.8M
Short Term Investments121.8M109.0M121.7M118.2M143.3M97.5M
Non Current Liabilities Total19.5M17.9M16.5M16.3M12.9M8.6M
Property Plant And Equipment Gross18.9M16.6M6.8M17.4M39.2M41.2M
Total Current Assets178.6M167.6M189.0M177.6M209.4M137.3M
Other Liab11.2M12.1M11.4M9.6M11.0M7.3M
Current Deferred Revenue3.6M2.4M8.7M3.2M3.0M2.5M
Net Debt(12.1M)(12.4M)(24.7M)(11.6M)(16.8M)(17.7M)
Retained Earnings62.4M57.4M55.5M32.2M20.2M12.0M
Accumulated Other Comprehensive Income94K478K(372K)(6.2M)(2.3M)(2.4M)
Short Term Debt2.4M5.9M6.5M2.7M5.0M5.0M
Treasury Stock(39.4M)(30.1M)(13.8M)(9.9M)(8.9M)(9.4M)
Net Tangible Assets251.2M199.0M187.3M177.4M204.0M195.1M
Retained Earnings Total Equity62.4M57.4M55.5M32.2M37.0M41.7M
Capital Surpluse228.0M233.2M235.4M242.8M279.3M240.7M
Long Term Investments6.3M11.5M2.9M408K406K385.7K
Non Current Liabilities Other19.5M17.9M16.5M16.3M18.7M12.5M

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When determining whether CEVA Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CEVA's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ceva Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ceva Inc Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CEVA Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CEVA. If investors know CEVA will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CEVA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.959
Earnings Share
(0.65)
Revenue Per Share
4.32
Quarterly Revenue Growth
0.13
Return On Assets
(0.02)
The market value of CEVA Inc is measured differently than its book value, which is the value of CEVA that is recorded on the company's balance sheet. Investors also form their own opinion of CEVA's value that differs from its market value or its book value, called intrinsic value, which is CEVA's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CEVA's market value can be influenced by many factors that don't directly affect CEVA's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CEVA's value and its price as these two are different measures arrived at by different means. Investors typically determine if CEVA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CEVA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.