Cadence Design Systems Inc (CDNS)

Payables turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	1,014,932	995,935	972,719	944,763	916,113	891,961	851,964	833,618	816,448	808,814	781,335	759,858	744,293	714,944	706,565	688,110	664,326	631,962	609,930	622,548
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,014,932K ÷ $—K
= —

The payables turnover for Cadence Design Systems, Inc. in Q4 2023 was 4.77. Unfortunately, without additional data from previous quarters, we are unable to compare this figure to past performance or industry benchmarks. A higher payables turnover ratio typically indicates that the company is efficiently managing its accounts payable by paying suppliers more quickly, which could be a positive sign. However, further analysis over multiple periods is needed to assess the trend and implications of the payables turnover ratio for Cadence Design Systems, Inc.