Cadence Design Systems (Cadence Design Systems) Change In Receivables : $100 Mil (TTM As of Mar. 2024)

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What is Cadence Design Systems Change In Receivables?

Cadence Design Systems's change in receivables for the quarter that ended in Mar. 2024 was $103 Mil. It means Cadence Design Systems's Accounts Receivable declined by $103 Mil from Dec. 2023 to Mar. 2024 .

Cadence Design Systems's change in receivables for the fiscal year that ended in Dec. 2023 was $-12 Mil. It means Cadence Design Systems's Accounts Receivable increased by $12 Mil from Dec. 2022 to Dec. 2023 .

Cadence Design Systems's Accounts Receivable for the quarter that ended in Mar. 2024 was $220 Mil.

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 Receivable are being managed. Cadence Design Systems's Days Sales Outstanding for the three months ended in Mar. 2024 was 19.89.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Cadence Design Systems's liquidation value for the three months ended in Mar. 2024 was $-884 Mil.

Cadence Design Systems Change In Receivables Historical Data

The historical data trend for Cadence Design Systems's Change In Receivables 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.

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Cadence Design Systems Change In Receivables Chart

Cadence Design Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-4.72

-25.93

2.01

-138.47

-11.75

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
Change In Receivables	Get a 7-Day Free Trial															-8.72	49.93	8.82	-61.77	102.99

Cadence Design Systems Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $100 Mil.

Cadence Design Systems (NAS:CDNS) Change In Receivables 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 Receivable 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 liquidation value, Cadence Design Systems's accounts receivable are only considered to be worth 75% of book value:

Cadence Design Systems's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1012.418	-	2154.534	+	0.75 * 219.937	+	0.5 * 185.784
=	-884

Cadence Design Systems Change In Receivables Related Terms

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Cadence Design Systems (Cadence Design Systems) Business Description

Industry

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Traded in Other Exchanges

CDNS:Mexico CDS:Germany 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.

Executives

John M Wall	officer: Sr. VP & CFO	2655 SEELY AVENUE, SAN JOSE CA 95134
Vincentelli Alberto Sangiovanni	director
Karna Nisewaner	officer: Corporate VP, General Counsel	2655 SEELY AVENUE, BUILDING 5, SAN JOSE CA 95134
Paul Cunningham	officer: Sr. Vice President	2655 SEELY AVENUE, BUILDING 5, SAN JOSE CA 95134
Aneel Zaman	officer: Sr. Vice President	2655 SEELY AVENUE, SAN JOSE CA 95134
Anirudh Devgan	officer: Sr. Vice President of R&D	2655 SEELY AVENUE, SAN JOSE CA 95134
Chin-chi Teng	officer: Sr. Vice President	2655 SEELY AVENUE, SAN JOSE CA 95134
Mark Adams	director	834 TERRACE DRIVE, LOS ALTOS CA 94024
James D Plummer	director	233 KANSAS STREET, EL SEGUNDO CA 90245
Thomas P Beckley	officer: Sr. Vice President of R&D	2655 SEELY AVENUE, SAN JOSE CA 95134
Lip Bu Tan	director	ONE CALIFORNIA STREET 28TH FLOOR, SAN FRANCISCO CA 94111
Young Sohn	director	1390 KIFER ROAD, SUNNYVALE CA 94086
John B Shoven	director
Mary L Krakauer	director	176 SOUTH STREET, HOPKINTON MA 01748
Surendra Babu Mandava	officer: Sr. Vice President	47211 LAKEVIEW BLVD, FREMONT CA 94538