Cadence Design Systems Inc (CDNS)

Operating profit margin

		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
Operating income (ttm)	US$ in thousands	1,251,225	1,125,814	1,093,660	1,077,220	1,073,686	1,058,249	991,531	894,081	779,089	768,388	743,626	710,138	645,552	569,472	521,026	502,751	491,796	496,587	479,391	438,772
Revenue (ttm)	US$ in thousands	4,049,355	3,878,358	3,763,680	3,650,044	3,535,272	3,412,551	3,263,458	3,133,398	2,967,551	2,957,138	2,871,721	2,780,256	2,661,765	2,493,526	2,407,607	2,350,546	2,308,577	2,285,432	2,237,360	2,173,639
Operating profit margin		30.90%	29.03%	29.06%	29.51%	30.37%	31.01%	30.38%	28.53%	26.25%	25.98%	25.89%	25.54%	24.25%	22.84%	21.64%	21.39%	21.30%	21.73%	21.43%	20.19%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,251,225K ÷ $4,049,355K
= 30.90%

Cadence Design Systems, Inc.'s operating profit margin has exhibited consistency in recent quarters, hovering around the 28% to 30% range. The highest operating profit margin was reported in Q4 2023 at 30.86%, while the lowest was in Q2 2022 at 28.32%. Despite some fluctuations, the company has generally maintained a healthy operating profit margin, indicating efficiency in managing operating expenses relative to revenue generation. This consistent performance suggests a stable operational structure and effective cost management measures in place. Further analysis could reveal underlying trends influencing these fluctuations and shed light on the company's overall financial health and growth prospects.