Cadence Design Systems (BSP:C1DN34) Change In Inventory : R$-378 Mil (TTM As of Mar. 2024)

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What is Cadence Design Systems Change In Inventory?

Cadence Design Systems's change in inventory for the quarter that ended in Mar. 2024 was R$-53 Mil. It means Cadence Design Systems's inventory increased by R$53 Mil from Dec. 2023 to Mar. 2024 .

Cadence Design Systems's change in inventory for the fiscal year that ended in Dec. 2023 was R$-323 Mil. It means Cadence Design Systems's inventory increased by R$323 Mil from Dec. 2022 to Dec. 2023 .

Cadence Design Systems's Total Inventories for the quarter that ended in Mar. 2024 was R$925 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cadence Design Systems's Days Inventory for the quarter that ended in Mar. 2024 was 132.84.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cadence Design Systems's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.69.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Cadence Design Systems's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.18.

Cadence Design Systems Change In Inventory Historical Data

The historical data trend for Cadence Design Systems's Change In Inventory 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 Inventory Chart

Cadence Design Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-135.55

-132.14

-220.69

-121.03

-322.87

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 Inventory	Get a 7-Day Free Trial															2.08	-84.36	-149.70	-91.15	-53.23

Cadence Design Systems Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory 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 R$-378 Mil.

Cadence Design Systems (BSP:C1DN34) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Cadence Design Systems's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	907.635	/	623.456	*	365 / 4
	=	132.84

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Cadence Design Systems's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	623.456	/	907.635
	=	0.69

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Cadence Design Systems's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	907.635	/	5025.131
	=	0.18

Cadence Design Systems Change In Inventory Related Terms

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Cadence Design Systems (BSP:C1DN34) Business Description

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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.

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