Stock Analysis on Net
Stock Analysis on Net

Cadence Design Systems Inc. (NASDAQ:CDNS)

Total Asset Turnover 
since 2005

Microsoft Excel

Calculation

Cadence Design Systems Inc., total asset turnover, long-term trends, calculation

Microsoft Excel
Total asset turnover = Revenue1 ÷ Total assets1
Dec 31, 2025 0.52 = 5,296,759 ÷ 10,153,148
Dec 31, 2024 0.52 = 4,641,264 ÷ 8,974,482
Dec 31, 2023 0.72 = 4,089,986 ÷ 5,669,491
Dec 31, 2022 0.69 = 3,561,718 ÷ 5,137,071
Dec 31, 2021 0.68 = 2,988,244 ÷ 4,386,299
Dec 31, 2020 0.68 = 2,682,891 ÷ 3,950,785
Dec 28, 2019 0.70 = 2,336,319 ÷ 3,357,225
Dec 29, 2018 0.87 = 2,138,022 ÷ 2,468,654
Dec 30, 2017 0.80 = 1,943,032 ÷ 2,418,714
Dec 31, 2016 0.87 = 1,816,083 ÷ 2,096,908
Dec 31, 2015 0.72 = 1,702,091 ÷ 2,351,015
Dec 31, 2014 0.49 = 1,580,932 ÷ 3,209,556
Dec 28, 2013 0.60 = 1,460,116 ÷ 2,428,601
Dec 29, 2012 0.58 = 1,326,424 ÷ 2,287,003
Dec 31, 2011 0.65 = 1,149,835 ÷ 1,761,269
Dec 31, 2010 0.54 = 935,954 ÷ 1,732,116
Dec 31, 2009 0.60 = 852,632 ÷ 1,410,587
Dec 31, 2008 0.62 = 1,038,614 ÷ 1,678,714
Dec 29, 2007 0.42 = 1,615,013 ÷ 3,871,150
Dec 30, 2006 0.43 = 1,483,895 ÷ 3,442,822
Dec 31, 2005 0.39 = 1,329,192 ÷ 3,401,312

Based on: 10-K (reporting date: 2025-12-31), 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 total asset turnover ratio for the period examined exhibits fluctuations, generally ranging between 0.39 and 0.87. An initial increase is observed from 2005 to 2008, followed by a period of relative stability and then a subsequent increase before declining again in recent years.

Initial Trend (2005-2008)
From 2005 to 2008, the total asset turnover ratio increased from 0.39 to 0.62. This suggests an improving efficiency in utilizing assets to generate revenue during this period. The most significant increase occurred between 2007 and 2008.
Period of Fluctuations (2009-2015)
Following 2008, the ratio experienced more volatility. It decreased to 0.60 in 2009, then declined further to 0.49 in 2014, before rising to 0.72 in 2015. This period indicates inconsistent asset utilization efficiency, potentially influenced by economic conditions or company-specific strategies.
Recent Trends (2016-2025)
The ratio peaked at 0.87 in 2016, then decreased to 0.80 in 2017, followed by a decline to 0.70 in 2019. From 2019 to 2022, the ratio remained relatively stable, hovering around 0.68-0.72. However, a notable decrease is observed in 2023 and 2024, falling to 0.52 in both years. This recent decline suggests a diminishing efficiency in asset utilization, potentially due to significant asset growth outpacing revenue growth.
Long-Term Perspective
Over the entire period, the ratio demonstrates a cyclical pattern. While there are periods of improvement, the most recent trend indicates a weakening in the company’s ability to generate revenue from its assets. The substantial increase in total assets in 2023 and 2024, coupled with a relatively smaller increase in revenue, likely contributed to the recent decline in the total asset turnover ratio.

In conclusion, the total asset turnover ratio has shown considerable variation over the analyzed timeframe. While periods of efficient asset utilization were present, the recent downward trend warrants further investigation to understand the underlying causes and potential implications for future performance.

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Comparison to Competitors

Cadence Design Systems Inc., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel
Cadence Design Systems Inc. Accenture PLC Adobe Inc. AppLovin Corp. CrowdStrike Holdings Inc. Datadog Inc. 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, 2025 0.52 1.07 0.81 0.75 0.45 0.52 0.44 0.51 0.46 0.34 0.50 0.39 0.37 0.51 0.15 0.47
Dec 31, 2024 0.52 1.16 0.71 0.80 0.46 0.46 0.46 0.51 0.48 0.38 0.45 0.40 0.35 0.54 0.47 0.44
Dec 31, 2023 0.72 1.25 0.65 0.61 0.45 0.54 0.46 0.52 0.51 0.37 0.49 0.48 0.32 0.52 0.57 0.46
Dec 31, 2022 0.69 1.30 0.65 0.48 0.40 0.56 0.48 0.46 0.54 0.39 0.55 0.45 0.28 0.54 0.54 0.49
Dec 31, 2021 0.68 1.17 0.58 0.45 0.32 0.43 0.43 0.62 0.50 0.31 0.47 0.42 0.32 0.55 0.48 0.50
Dec 31, 2020 0.68 1.20 0.53 — 0.34 0.32 0.47 0.70 0.47 0.34 0.41 0.38 0.31 0.52 0.46 0.53
Dec 28, 2019 0.70 1.45 0.54 — — 0.35 0.51 1.08 0.44 0.36 — 0.44 0.43 0.57 0.52 0.51
Dec 29, 2018 0.87 1.70 0.48 — — — 0.65 1.15 0.43 0.29 — 0.39 0.50 0.67 0.51 0.43
Dec 30, 2017 0.80 1.62 0.50 — — — 0.63 1.27 0.37 0.28 — 0.51 0.48 0.57 0.50 0.50
Dec 31, 2016 0.87 1.69 0.46 — — — 0.68 1.10 0.44 0.33 — 0.50 0.52 0.68 0.46 0.43
Dec 31, 2015 0.72 1.80 0.41 — — — 0.74 0.84 0.53 0.34 — 0.47 0.50 0.56 0.44 0.33
Dec 31, 2014 0.49 1.78 0.38 — — — 0.79 0.87 0.50 0.42 — 0.40 0.44 0.48 0.43 0.22
Dec 28, 2013 0.60 1.80 0.39 — — — 0.79 0.76 0.55 0.45 — 0.68 0.55 0.36 0.45 0.29
Dec 29, 2012 0.58 1.79 0.44 — — — 0.88 0.89 0.61 0.47 — 0.63 0.54 0.51 0.42 —
Dec 31, 2011 0.65 1.74 0.47 — — — 0.92 0.75 0.64 0.48 — — 0.54 — 0.46 —
Dec 31, 2010 0.54 1.80 0.47 — — — 0.88 0.66 0.73 0.44 — — 0.53 — 0.42 —
Dec 31, 2009 0.60 1.89 0.40 — — — 0.88 0.66 0.75 0.49 — — 0.73 — 0.46 —
Dec 31, 2008 0.62 2.04 0.61 — — — 0.95 0.66 0.83 0.47 — — 0.69 — 0.49 —
Dec 29, 2007 0.42 2.00 0.55 — — — 0.82 0.63 0.81 0.52 — — 0.75 — 0.46 —
Dec 30, 2006 0.43 1.94 0.43 — — — 0.89 0.85 0.64 0.50 — — 0.71 — 0.51 —
Dec 31, 2005 0.39 1.91 0.81 — — — 0.86 0.75 0.56 0.57 — — 0.63 — 0.46 —

Based on: 10-K (reporting date: 2025-12-31), 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)

Microsoft Excel
Cadence Design Systems Inc. Software & Services
Dec 31, 2025 0.52 0.46
Dec 31, 2024 0.52 0.49
Dec 31, 2023 0.72 0.51
Dec 31, 2022 0.69 0.52
Dec 31, 2021 0.68 0.48
Dec 31, 2020 0.68 0.48
Dec 28, 2019 0.70 0.50
Dec 29, 2018 0.87 0.51
Dec 30, 2017 0.80 0.47
Dec 31, 2016 0.87 0.54
Dec 31, 2015 0.72 0.59
Dec 31, 2014 0.49 0.61
Dec 28, 2013 0.60 0.66
Dec 29, 2012 0.58 0.72
Dec 31, 2011 0.65 0.75
Dec 31, 2010 0.54 0.76
Dec 31, 2009 0.60 0.79
Dec 31, 2008 0.62 0.86
Dec 29, 2007 0.42 0.81
Dec 30, 2006 0.43 0.78
Dec 31, 2005 0.39 0.77

Based on: 10-K (reporting date: 2025-12-31), 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)

Microsoft Excel
Cadence Design Systems Inc. Information Technology
Dec 31, 2025 0.52 0.60
Dec 31, 2024 0.52 0.58
Dec 31, 2023 0.72 0.61
Dec 31, 2022 0.69 0.65
Dec 31, 2021 0.68 0.62
Dec 31, 2020 0.68 0.58
Dec 28, 2019 0.70 0.59
Dec 29, 2018 0.87 0.59
Dec 30, 2017 0.80 0.51
Dec 31, 2016 0.87 0.55
Dec 31, 2015 0.72 0.63
Dec 31, 2014 0.49 0.64
Dec 28, 2013 0.60 0.66
Dec 29, 2012 0.58 0.70
Dec 31, 2011 0.65 0.73
Dec 31, 2010 0.54 0.72
Dec 31, 2009 0.60 0.69
Dec 31, 2008 0.62 0.79
Dec 29, 2007 0.42 0.76
Dec 30, 2006 0.43 0.75
Dec 31, 2005 0.39 0.77

Based on: 10-K (reporting date: 2025-12-31), 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).