Cadence Inventory vs Property Plant And Equipment Net Analysis

0HS2 Stock

309.47 1.64 0.53%

Cadence Design financial indicator trend analysis is way more than just evaluating Cadence Design Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cadence Design Systems is a good investment. Please check the relationship between Cadence Design Inventory and its Property Plant And Equipment Net accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cadence Design Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Inventory vs Property Plant And Equipment Net

Inventory vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cadence Design Systems Inventory account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong relationship.

The correlation between Cadence Design's Inventory and Property Plant And Equipment Net is 0.75. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Cadence Design Systems, assuming nothing else is changed. The correlation between historical values of Cadence Design's Inventory and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Cadence Design Systems are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Inventory i.e., Cadence Design's Inventory and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.75

Relationship Direction	Positive
Relationship Strength	Significant

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Inventory

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Most indicators from Cadence Design's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cadence Design Systems current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cadence Design Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Tax Provision is likely to gain to about 32.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 156.2 M in 2024.

	2016	2022	2023	2024 (projected)
Total Revenue	1.8B	3.6B	4.1B	4.3B
Depreciation And Amortization	119.6M	132.1M	145.7M	118.2M

Total Revenue Depreciation And Amortization

Cadence Design fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Inventory	Intangible Assets	Current Deferred Revenue	Short Term Investments	Common Stock
Total Assets		0.49	0.52	0.81	0.97	0.64	-0.41	0.98	0.83	0.99	0.22	0.89	0.92	0.26	0.55	0.06	-0.98	0.88	0.95	0.28	-0.33	0.98	0.09	0.99	0.54	0.69
Short Long Term Debt Total	0.49		-0.17	0.75	0.29	0.64	0.51	0.43	0.17	0.54	-0.25	0.27	0.51	0.26	0.45	-0.04	-0.6	0.8	0.36	0.72	-0.06	0.55	0.25	0.51	0.68	0.3
Other Current Liab	0.52	-0.17		0.2	0.55	-0.24	-0.83	0.42	0.82	0.43	0.44	0.74	0.27	0.6	0.63	0.53	-0.42	0.37	0.67	-0.37	-0.74	0.41	-0.55	0.53	-0.33	0.82
Total Current Liabilities	0.81	0.75	0.2		0.69	0.82	0.01	0.75	0.55	0.8	-0.32	0.65	0.82	0.07	0.32	0.29	-0.84	0.92	0.78	0.76	-0.12	0.88	0.16	0.86	0.77	0.48
Total Stockholder Equity	0.97	0.29	0.55	0.69		0.58	-0.54	0.98	0.84	0.96	0.3	0.88	0.9	0.18	0.45	-0.03	-0.93	0.73	0.93	0.14	-0.29	0.94	0.09	0.94	0.47	0.65
Property Plant And Equipment Net	0.64	0.64	-0.24	0.82	0.58		0.25	0.69	0.19	0.68	-0.39	0.33	0.81	-0.37	-0.07	-0.18	-0.71	0.63	0.5	0.79	0.38	0.75	0.58	0.65	0.96	0.12
Net Debt	-0.41	0.51	-0.83	0.01	-0.54	0.25		-0.37	-0.76	-0.31	-0.43	-0.69	-0.17	-0.32	-0.21	-0.29	0.25	-0.06	-0.58	0.48	0.61	-0.33	0.56	-0.37	0.31	-0.48
Retained Earnings	0.98	0.43	0.42	0.75	0.98	0.69	-0.37		0.75	0.99	0.26	0.81	0.96	0.13	0.47	-0.1	-0.97	0.79	0.89	0.24	-0.17	0.96	0.24	0.95	0.57	0.61
Cash	0.83	0.17	0.82	0.55	0.84	0.19	-0.76	0.75		0.75	0.31	0.99	0.58	0.57	0.58	0.3	-0.74	0.67	0.94	-0.01	-0.74	0.79	-0.45	0.8	0.15	0.77
Non Current Assets Total	0.99	0.54	0.43	0.8	0.96	0.68	-0.31	0.99	0.75		0.25	0.82	0.95	0.21	0.56	-0.05	-0.99	0.87	0.9	0.29	-0.23	0.96	0.22	0.97	0.57	0.65
Non Currrent Assets Other	0.22	-0.25	0.44	-0.32	0.3	-0.39	-0.43	0.26	0.31	0.25		0.22	0.12	0.37	0.57	-0.33	-0.17	0.01	0.14	-0.81	-0.33	0.03	-0.02	0.16	-0.52	0.28
Cash And Short Term Investments	0.89	0.27	0.74	0.65	0.88	0.33	-0.69	0.81	0.99	0.82	0.22		0.65	0.51	0.54	0.26	-0.81	0.73	0.97	0.12	-0.67	0.86	-0.37	0.85	0.3	0.75
Net Receivables	0.92	0.51	0.27	0.82	0.9	0.81	-0.17	0.96	0.58	0.95	0.12	0.65		-0.08	0.37	-0.06	-0.94	0.8	0.8	0.38	0.05	0.92	0.45	0.93	0.66	0.5
Common Stock Shares Outstanding	0.26	0.26	0.6	0.07	0.18	-0.37	-0.32	0.13	0.57	0.21	0.37	0.51	-0.08		0.8	0.19	-0.25	0.38	0.35	-0.23	-0.89	0.19	-0.68	0.21	-0.27	0.67
Non Current Liabilities Total	0.55	0.45	0.63	0.32	0.45	-0.07	-0.21	0.47	0.58	0.56	0.57	0.54	0.37	0.8		0.13	-0.57	0.66	0.51	-0.19	-0.63	0.43	-0.19	0.55	-0.13	0.8
Other Current Assets	0.06	-0.04	0.53	0.29	-0.03	-0.18	-0.29	-0.1	0.3	-0.05	-0.33	0.26	-0.06	0.19	0.13		0.02	0.23	0.28	0.17	-0.41	0.06	-0.51	0.18	-0.22	0.32
Other Stockholder Equity	-0.98	-0.6	-0.42	-0.84	-0.93	-0.71	0.25	-0.97	-0.74	-0.99	-0.17	-0.81	-0.94	-0.25	-0.57	0.02		-0.9	-0.9	-0.36	0.24	-0.97	-0.2	-0.97	-0.62	-0.69
Total Liab	0.88	0.8	0.37	0.92	0.73	0.63	-0.06	0.79	0.67	0.87	0.01	0.73	0.8	0.38	0.66	0.23	-0.9		0.82	0.52	-0.35	0.88	0.06	0.9	0.57	0.66
Total Current Assets	0.95	0.36	0.67	0.78	0.93	0.5	-0.58	0.89	0.94	0.9	0.14	0.97	0.8	0.35	0.51	0.28	-0.9	0.82		0.25	-0.51	0.94	-0.18	0.95	0.43	0.73
Short Term Debt	0.28	0.72	-0.37	0.76	0.14	0.79	0.48	0.24	-0.01	0.29	-0.81	0.12	0.38	-0.23	-0.19	0.17	-0.36	0.52	0.25		0.25	0.45	0.25	0.33	0.86	-0.02
Accounts Payable	-0.33	-0.06	-0.74	-0.12	-0.29	0.38	0.61	-0.17	-0.74	-0.23	-0.33	-0.67	0.05	-0.89	-0.63	-0.41	0.24	-0.35	-0.51	0.25		-0.26	0.86	-0.29	0.32	-0.59
Inventory	0.98	0.55	0.41	0.88	0.94	0.75	-0.33	0.96	0.79	0.96	0.03	0.86	0.92	0.19	0.43	0.06	-0.97	0.88	0.94	0.45	-0.26		0.1	0.96	0.68	0.63
Intangible Assets	0.09	0.25	-0.55	0.16	0.09	0.58	0.56	0.24	-0.45	0.22	-0.02	-0.37	0.45	-0.68	-0.19	-0.51	-0.2	0.06	-0.18	0.25	0.86	0.1		0.11	0.45	-0.27
Current Deferred Revenue	0.99	0.51	0.53	0.86	0.94	0.65	-0.37	0.95	0.8	0.97	0.16	0.85	0.93	0.21	0.55	0.18	-0.97	0.9	0.95	0.33	-0.29	0.96	0.11		0.52	0.69
Short Term Investments	0.54	0.68	-0.33	0.77	0.47	0.96	0.31	0.57	0.15	0.57	-0.52	0.3	0.66	-0.27	-0.13	-0.22	-0.62	0.57	0.43	0.86	0.32	0.68	0.45	0.52		0.07
Common Stock	0.69	0.3	0.82	0.48	0.65	0.12	-0.48	0.61	0.77	0.65	0.28	0.75	0.5	0.67	0.8	0.32	-0.69	0.66	0.73	-0.02	-0.59	0.63	-0.27	0.69	0.07

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Cadence Inventory vs Property Plant And Equipment Net Analysis

Inventory vs Property Plant And Equipment Net

Inventory vs Property Plant And Equipment Net Correlation Analysis

Correlation Coefficient

Inventory

Property Plant And Equipment Net

Cadence Design fundamental ratios Correlations

Cadence Design Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Non Current Assets Total	+ 0.99	Total Assets
Current Deferred Revenue	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Retained Earnings
Cash And Short Term Investments	+ 0.99	Cash
Retained Earnings	+ 0.98	Total Assets
Inventory	+ 0.98	Total Assets

Other Stockholder Equity	- 0.99	Non Current Assets Total
Other Stockholder Equity	- 0.98	Total Assets
Current Deferred Revenue	- 0.97	Other Stockholder Equity
Inventory	- 0.97	Other Stockholder Equity
Other Stockholder Equity	- 0.97	Retained Earnings
Other Stockholder Equity	- 0.94	Net Receivables