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[CDNS] Cadence Design Systems, Inc. - Inventory Turnover
Data updated 2024-Mar-24 (Sunday)Note: Detailed Statistics for Inventory Turnover in Balance Sheet for Cadence Design Systems, Inc. [NASDAQ:CDNS] with frequency distribution chart that analyze trends & history . Inventory Turnover is an activity metric calculated as Cost of Revenue for period / Average Inventory (current & prior). Inventory Turnover measures efficiency in managing inventory (esp. if perishable or time-sensitive). Comparisons only meaningful when made among different companies within same industry/sector. View Balance Sheet for broader context
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Quarterly Inventory Turnover values for Cadence Design Systems, Inc. are rounded to enhance readability
| 2023-Dec | 2023-Sep | 2023-Jun | 2023-Mar | 2022-Dec | 2022-Sep | |
|---|---|---|---|---|---|---|
| Inventory Turnover | 0.63 | 0.75 | 0.76 | 1.01 | 0.82 | 0.84 |
| Sequential Quarter Growth | -16.0% | -1.3% | -24.8% | +23.2% | -2.4% | -7.7% |
| Quarter-on Quarter Growth | -23.2% | -10.7% | -16.5% | +11.0% | +18.8% | -1.2% |
Annual Inventory Turnover values for Cadence Design Systems, Inc. are rounded to enhance readability
| 2023-Dec | 2022-Dec | 2022-Jan | 2021-Jan | 2020-Jan | 2019-Jan | |
|---|---|---|---|---|---|---|
| Inventory Turnover | 2.93 | 3.05 | 3.2 | 3.4 | 4.91 | 6.62 |
| Year-on-Year Growth | -3.9% | -4.7% | -5.9% | -30.8% | -25.8% | -18.8% |
| 2-yr CAGR | -4.3% | -5.3% | -19.3% | -28.3% | -22.4% | +7.4% |
| 3-yr CAGR | -4.8% | -14.7% | -21.5% | -25.3% | -5.1% | +16.3% |
| 4-yr CAGR | -12.1% | -17.6% | -20.8% | -12.3% | +3.9% | +12.0% |
| 5-yr CAGR | -15.0% | -17.8% | -11.0% | -4.2% | +3.2% | +7.4% |
Frequency distribution of quarterly Inventory Turnover values from 2010-Jun-30 grouped into buckets. Latest Inventory Turnover value is 0.63 as of 2023-Dec-31
Subsequent stock performance post earnings date till next announcement for Cadence Design Systems, Inc. mapped with quarterly Inventory Turnover values reported at that time. Most recent value denoted with star
Select frequency and calculation type for Inventory Turnover above for vertical axis in scatter chart. Additionally choose type of performance for horizontal axis
Bayesian (Conditional Probability) analysis for Cadence Design Systems, Inc. with subsequent post-earnings performance given Inventory Turnover values. Analysis uses quarterly data and subsequent relative performance benchmarked to S&P 500 index. Most recent quarter is denoted with a star and corresponding partial performance is excluded from calculations
| Underperform (relative perf.) | Outperform (relative perf.) | |
|---|---|---|
| Inventory Turnover - Low | 45% | 55% |
| Inventory Turnover - Medium | 67% | 33% |
| Inventory Turnover - High | 42% | 58% |
| Inventory Turnover (Sequential growth %) - Low | 62% | 38% |
| Inventory Turnover (Sequential growth %) - Medium | 60% | 40% |
| Inventory Turnover (Sequential growth %) - High | 36% | 64% |
| Inventory Turnover (QoQ growth %) - Low | 54% | 46% |
| Inventory Turnover (QoQ growth %) - Medium | 51% | 49% |
| Inventory Turnover (QoQ growth %) - High | 45% | 55% |
Related to Cadence Design Systems, Inc.
Information for Cadence Design Systems, Inc.
Current Detail : Recent daily/monthly performance & benchmark comparison
Historical Detail : Historical performance & related information using Time Machine
Financial Statements : Analyze Income Statement, Balance Sheet & Cashflow Statement and also compare with peers Currently Viewing
Bayesian Statement Classifier : Investigate historical financial statements to make probabalistic predictions using Artificial Intelligence
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Historical Seasonality : Seasonal performance by calendar months
Technical History : Popular Technical indicator trends (RSI, MACD etc.)
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News Stories : News stories on 2024-Nov-22 on Google
SEC Reports : Quarterly reports around 2024-Nov-22 on SEC Edgar
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Sector : Information Technology sector performance which includes Cadence Design Systems, Inc.
Industry : Applications & Productivity industry performance which includes Cadence Design Systems, Inc.