Total Asset Turnover
since 2005
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Cadence Design Systems Inc. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Enterprise Value (EV)
- Dividend Discount Model (DDM)
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Revenues
- Analysis of Debt
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Calculation
Cadence Design Systems Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | = | ÷ | |||
| Dec 31, 2023 | = | ÷ | |||
| Dec 31, 2022 | = | ÷ | |||
| Dec 31, 2021 | = | ÷ | |||
| Dec 31, 2020 | = | ÷ | |||
| Dec 28, 2019 | = | ÷ | |||
| Dec 29, 2018 | = | ÷ | |||
| Dec 30, 2017 | = | ÷ | |||
| Dec 31, 2016 | = | ÷ | |||
| Dec 31, 2015 | = | ÷ | |||
| Dec 31, 2014 | = | ÷ | |||
| Dec 28, 2013 | = | ÷ | |||
| Dec 29, 2012 | = | ÷ | |||
| Dec 31, 2011 | = | ÷ | |||
| Dec 31, 2010 | = | ÷ | |||
| Dec 31, 2009 | = | ÷ | |||
| Dec 31, 2008 | = | ÷ | |||
| Dec 29, 2007 | = | ÷ | |||
| Dec 30, 2006 | = | ÷ | |||
| Dec 31, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The analysis of the financial data reveals several noteworthy trends in the company's revenue, total assets, and total asset turnover ratio over the period from 2005 to 2024.
- Revenue Trends
- The revenue demonstrates a general upward trajectory over the analyzed years. Starting from approximately 1.33 billion US dollars in 2005, it increased steadily with minor fluctuations during certain intervals. A notable dip occurred in 2008 and 2009, where revenue declined to around 1.04 billion and 0.85 billion respectively, likely influenced by broader economic conditions. Post-2009, the revenue resumed its growth path, crossing the 4 billion mark by 2023 and reaching about 4.64 billion in 2024. This reflects a strong, consistent expansion in the company's sales or service income over the long term.
- Total Assets Trends
- Total assets exhibited volatility in the initial years, starting at around 3.40 billion US dollars in 2005 and seeing significant reductions in 2008 and 2009, falling below 1.42 billion. Following this, assets recovered and experienced growth, with some fluctuations, reaching a value close to 5.67 billion in 2023. A substantial increase is observed in 2024, with total assets climbing sharply to approximately 8.97 billion. This significant asset growth suggests either substantial investments, acquisitions, or capital inflows during the final year in the dataset.
- Total Asset Turnover Ratio Trends
- The total asset turnover ratio, which measures the efficiency of using assets to generate revenue, fluctuated throughout the years. Initially, it remained below 0.5 but increased notably during 2008 and 2009 to around 0.6, indicating improved asset utilization despite lower revenues at that time. The ratio peaked around 0.87 in 2016 and 2018, suggesting highly efficient asset usage during these periods. Subsequently, there was a slight decline with ratios stabilizing near 0.7 in the early 2020s. However, by 2024, the turnover ratio declined sharply to 0.52, corresponding with the marked increase in total assets, which may indicate that asset growth outpaced revenue gains and potentially reduced operational efficiency.
Overall, the company has shown consistent revenue growth over the long term, with total assets expanding significantly, especially in the latest year analyzed. The asset turnover ratio improvement over many years reflects enhanced operational effectiveness, although the recent decline suggests a potential need to better leverage newly acquired or invested assets for revenue generation.
Comparison to Competitors
Cadence Design Systems Inc., total asset turnover, long-term trends, comparison to competitors
| Cadence Design Systems Inc. | Accenture PLC | Adobe Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | |||||||||||||||
| Dec 31, 2023 | |||||||||||||||
| Dec 31, 2022 | |||||||||||||||
| Dec 31, 2021 | |||||||||||||||
| Dec 31, 2020 | |||||||||||||||
| Dec 28, 2019 | |||||||||||||||
| Dec 29, 2018 | |||||||||||||||
| Dec 30, 2017 | |||||||||||||||
| Dec 31, 2016 | |||||||||||||||
| Dec 31, 2015 | |||||||||||||||
| Dec 31, 2014 | |||||||||||||||
| Dec 28, 2013 | |||||||||||||||
| Dec 29, 2012 | |||||||||||||||
| Dec 31, 2011 | |||||||||||||||
| Dec 31, 2010 | |||||||||||||||
| Dec 31, 2009 | |||||||||||||||
| Dec 31, 2008 | |||||||||||||||
| Dec 29, 2007 | |||||||||||||||
| Dec 30, 2006 | |||||||||||||||
| Dec 31, 2005 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Software & Services)
Cadence Design Systems Inc., total asset turnover, long-term trends, comparison to sector (software & services)
| Cadence Design Systems Inc. | Software & Services | |
|---|---|---|
| Dec 31, 2024 | ||
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 | ||
| Dec 28, 2019 | ||
| Dec 29, 2018 | ||
| Dec 30, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 28, 2013 | ||
| Dec 29, 2012 | ||
| Dec 31, 2011 | ||
| Dec 31, 2010 | ||
| Dec 31, 2009 | ||
| Dec 31, 2008 | ||
| Dec 29, 2007 | ||
| Dec 30, 2006 | ||
| Dec 31, 2005 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Cadence Design Systems Inc., total asset turnover, long-term trends, comparison to industry (information technology)
| Cadence Design Systems Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2024 | ||
| Dec 31, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 | ||
| Dec 28, 2019 | ||
| Dec 29, 2018 | ||
| Dec 30, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 28, 2013 | ||
| Dec 29, 2012 | ||
| Dec 31, 2011 | ||
| Dec 31, 2010 | ||
| Dec 31, 2009 | ||
| Dec 31, 2008 | ||
| Dec 29, 2007 | ||
| Dec 30, 2006 | ||
| Dec 31, 2005 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).