Cadence Design Systems Inc (CDNS)

Payables 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
Cost of revenue (ttm)	US$ in thousands	392,734	439,103	495,233	446,136	440,004	424,408	402,427	398,252	371,628	347,806	336,808	320,860	306,973	310,816	316,498	314,996	305,498	305,290	283,981	270,235
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $392,734K ÷ $—K
= —

Cadence Design Systems Inc's payables turnover ratio has been reported as "—," meaning the specific data for this ratio is not available in the provided financial statement information. The payables turnover ratio is a financial metric that indicates how efficiently a company is managing its accounts payable by measuring the number of times a company pays off its suppliers during a specific period.

Without the specific values for the payables turnover ratio, it is challenging to assess Cadence Design Systems Inc's ability to pay off its liabilities, manage its supplier relationships, and optimize its working capital effectively. A higher payables turnover ratio generally indicates that a company is paying its suppliers more frequently, while a lower ratio may suggest that the company is taking longer to settle its payables.

In order to provide a more in-depth analysis of Cadence Design Systems Inc's payables turnover and its implications on the company's financial health and operational efficiency, it would be necessary to obtain the actual values for this ratio from the financial statements or other available sources.