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Cadence Design Systems (LTS:0HS2) Gross-Profit-to-Asset % : 62.07% (As of Mar. 2024)


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What is Cadence Design Systems Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Cadence Design Systems's annualized Gross Profit for the quarter that ended in Mar. 2024 was $3,536 Mil. Cadence Design Systems's average Total Assets over the quarter that ended in Mar. 2024 was $5,696 Mil. Therefore, Cadence Design Systems's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 62.07%.


Cadence Design Systems Gross-Profit-to-Asset % Historical Data

The historical data trend for Cadence Design Systems's Gross-Profit-to-Asset % 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 Gross-Profit-to-Asset % Chart

Cadence Design Systems Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 71.06 65.06 64.32 67.00 67.64

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
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 69.63 68.15 69.03 69.51 62.07

Competitive Comparison of Cadence Design Systems's Gross-Profit-to-Asset %

For the Software - Application subindustry, Cadence Design Systems's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cadence Design Systems's Gross-Profit-to-Asset % Distribution in the Software Industry

For the Software industry and Technology sector, Cadence Design Systems's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Cadence Design Systems's Gross-Profit-to-Asset % falls into.



Cadence Design Systems Gross-Profit-to-Asset % Calculation

Cadence Design Systems's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=3654.945/( (5137.071+5669.491)/ 2 )
=3654.945/5403.281
=67.64 %

Cadence Design Systems's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=3535.624/( (5669.491+5722.13)/ 2 )
=3535.624/5695.8105
=62.07 %

* 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.

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Mar. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


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Cadence Design Systems (LTS:0HS2) Business Description

Traded in Other Exchanges
Address
2655 Seely Avenue, Building 5, San Jose, CA, USA, 95134
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.

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