Cadence Design Systems (LTS:0HS2) Accounts Receivable : $220 Mil (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Cadence Design Systems Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cadence Design Systems's accounts receivables for the quarter that ended in Mar. 2024 was $220 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cadence Design Systems's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 19.89.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cadence Design Systems's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-3.25.

Cadence Design Systems Accounts Receivable Historical Data

The historical data trend for Cadence Design Systems's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cadence Design Systems Accounts Receivable Chart

Cadence Design Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

179.25

196.99

185.60

314.67

299.81

Cadence Design Systems Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															346.97	290.35	264.58	299.81	219.94

Cadence Design Systems Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Cadence Design Systems Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Cadence Design Systems's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	219.937	/	1009.103	*	91
=	19.89

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Cadence Design Systems's accounts receivable are only considered to be worth 75% of book value:

Cadence Design Systems's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1012.418	+	0.75 * 219.937	+	0.5 * 185.784	-	2154.534
-	0	-	0)	/	272.134
=	-3.25

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Cadence Design Systems Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Cadence Design Systems's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Cadence Design Systems (LTS:0HS2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cadence Design Systems Inc (LTS:0HS2) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CDNS:USA CDNS:Mexico CDS:Germany C1DN34:Brazil

Address

2655 Seely Avenue, Building 5, San Jose, CA, USA, 95134

Website

https://www.cadence.com

Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions. Cadence's comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house semiconductor design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.

Cadence Design Systems (LTS:0HS2) Headlines

No Headlines