Cadence Design Systems Inc (CDNS)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	4,641,260	4,353,900	4,161,490	4,077,389	4,089,979	3,921,236	3,800,700	3,681,642	3,561,718	3,434,877	3,283,218	3,153,982	2,988,244	2,975,117	2,890,829	2,800,962	2,682,891	2,522,537	2,435,533	2,377,534
Property, plant and equipment	US$ in thousands	—	—	—	—	—	379,776	370,193	372,956	371,451	348,238	316,741	310,690	305,911	303,313	301,979	305,089	311,125	288,163	282,738	281,207
Fixed asset turnover		—	—	—	—	—	10.33	10.27	9.87	9.59	9.86	10.37	10.15	9.77	9.81	9.57	9.18	8.62	8.75	8.61	8.45

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,641,260K ÷ $—K
= —

Cadence Design Systems Inc's fixed asset turnover has shown a generally increasing trend over the analyzed periods, starting at 8.45 in March 2020 and reaching a peak of 10.37 in June 2022. This indicates that the company has been able to generate more revenue relative to its investment in fixed assets. However, there was a slight decrease in the ratio in the subsequent quarters, with a dip to 9.59 by December 2022.

Despite some fluctuations, the fixed asset turnover remained relatively high, indicating that Cadence Design Systems Inc efficiently utilizes its fixed assets to generate sales. The most recent data points to a ratio of 10.33 as of September 30, 2023, suggesting a strong performance in this aspect.

It is worth noting that there is missing data for the periods beyond December 31, 2023. While the trend was generally positive up to that point, the absence of data for the following periods makes it difficult to gauge the ongoing performance of the company in terms of fixed asset turnover.