Cadence Pfcf Ratio vs Roic Analysis

CDNS Stock

USD 311.87 5.36 1.75%

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 Pfcf Ratio and its Roic 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.

Pfcf Ratio vs Roic

Pfcf Ratio vs Roic Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cadence Design Systems Pfcf Ratio account and Roic. At this time, the significance of the direction appears to have pay attention.

The correlation between Cadence Design's Pfcf Ratio and Roic is -0.75. Overlapping area represents the amount of variation of Pfcf Ratio that can explain the historical movement of Roic 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 Pfcf Ratio and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pfcf Ratio of Cadence Design Systems are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Pfcf Ratio i.e., Cadence Design's Pfcf Ratio and Roic go up and down completely randomly.

Correlation Coefficient

-0.75

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Pfcf Ratio

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

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.

At this time, Cadence Design's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.09 in 2024, whereas Selling General Administrative is likely to drop slightly above 152.6 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	2.7B	3.2B	3.6B	3.8B
Total Revenue	3.0B	3.6B	4.1B	4.3B

Gross Profit Total Revenue

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	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Inventory	Intangible Assets	Common Stock	Current Deferred Revenue
Total Assets		0.68	0.36	0.78	0.97	0.92	-0.41	0.89	0.89	0.98	0.46	0.89	0.86	0.44	0.58	0.37	-0.91	0.91	0.91	0.9	0.3	0.47	0.94	0.67	0.95	0.96
Short Long Term Debt Total	0.68		0.33	0.7	0.53	0.75	0.25	0.5	0.63	0.65	0.32	0.65	0.58	0.54	0.64	0.2	-0.62	0.87	0.58	0.66	0.43	0.57	0.62	0.79	0.76	0.69
Other Current Liab	0.36	0.33		0.67	0.22	0.22	-0.35	-0.02	0.56	0.19	-0.1	0.57	0.11	0.58	0.17	0.61	-0.02	0.56	0.17	0.66	0.49	0.05	0.2	0.57	0.35	0.27
Total Current Liabilities	0.78	0.7	0.67		0.65	0.81	-0.23	0.52	0.78	0.66	-0.04	0.83	0.61	0.5	0.21	0.56	-0.57	0.9	0.69	0.92	0.79	0.59	0.76	0.72	0.79	0.75
Total Stockholder Equity	0.97	0.53	0.22	0.65		0.87	-0.5	0.94	0.83	0.98	0.48	0.83	0.84	0.33	0.52	0.26	-0.92	0.78	0.9	0.82	0.18	0.4	0.93	0.54	0.89	0.92
Property Plant And Equipment Net	0.92	0.75	0.22	0.81	0.87		-0.21	0.82	0.79	0.9	0.31	0.82	0.87	0.46	0.45	0.35	-0.87	0.88	0.86	0.83	0.48	0.61	0.93	0.64	0.96	0.93
Net Debt	-0.41	0.25	-0.35	-0.23	-0.5	-0.21		-0.3	-0.6	-0.33	-0.2	-0.56	-0.27	-0.23	-0.01	-0.41	0.21	-0.18	-0.31	-0.5	0.03	0.35	-0.32	-0.01	-0.31	-0.32
Retained Earnings	0.89	0.5	-0.02	0.52	0.94	0.82	-0.3		0.65	0.95	0.46	0.64	0.85	0.05	0.53	0.16	-0.98	0.69	0.93	0.65	0.08	0.47	0.91	0.37	0.78	0.9
Cash	0.89	0.63	0.56	0.78	0.83	0.79	-0.6	0.65		0.8	0.41	0.99	0.69	0.63	0.53	0.5	-0.67	0.87	0.73	0.95	0.35	0.21	0.77	0.67	0.88	0.82
Non Current Assets Total	0.98	0.65	0.19	0.66	0.98	0.9	-0.33	0.95	0.8		0.54	0.79	0.88	0.35	0.64	0.27	-0.96	0.84	0.93	0.79	0.16	0.47	0.93	0.6	0.92	0.96
Non Currrent Assets Other	0.46	0.32	-0.1	-0.04	0.48	0.31	-0.2	0.46	0.41	0.54		0.33	0.43	0.38	0.81	-0.01	-0.49	0.35	0.42	0.22	-0.55	-0.11	0.35	0.34	0.48	0.48
Cash And Short Term Investments	0.89	0.65	0.57	0.83	0.83	0.82	-0.56	0.64	0.99	0.79	0.33		0.66	0.62	0.43	0.44	-0.65	0.87	0.73	0.97	0.46	0.31	0.8	0.7	0.88	0.81
Net Receivables	0.86	0.58	0.11	0.61	0.84	0.87	-0.27	0.85	0.69	0.88	0.43	0.66		0.3	0.58	0.53	-0.9	0.77	0.86	0.68	0.18	0.42	0.85	0.43	0.86	0.93
Common Stock Shares Outstanding	0.44	0.54	0.58	0.5	0.33	0.46	-0.23	0.05	0.63	0.35	0.38	0.62	0.3		0.46	0.36	-0.15	0.59	0.17	0.58	0.23	0.02	0.25	0.73	0.64	0.39
Non Current Liabilities Total	0.58	0.64	0.17	0.21	0.52	0.45	-0.01	0.53	0.53	0.64	0.81	0.43	0.58	0.46		0.22	-0.61	0.61	0.51	0.39	-0.32	0.07	0.43	0.53	0.6	0.61
Other Current Assets	0.37	0.2	0.61	0.56	0.26	0.35	-0.41	0.16	0.5	0.27	-0.01	0.44	0.53	0.36	0.22		-0.24	0.51	0.37	0.52	0.35	0.03	0.32	0.22	0.42	0.46
Other Stockholder Equity	-0.91	-0.62	-0.02	-0.57	-0.92	-0.87	0.21	-0.98	-0.67	-0.96	-0.49	-0.65	-0.9	-0.15	-0.61	-0.24		-0.76	-0.95	-0.67	-0.13	-0.53	-0.92	-0.45	-0.84	-0.94
Total Liab	0.91	0.87	0.56	0.9	0.78	0.88	-0.18	0.69	0.87	0.84	0.35	0.87	0.77	0.59	0.61	0.51	-0.76		0.8	0.91	0.49	0.52	0.83	0.81	0.92	0.9
Property Plant And Equipment Gross	0.91	0.58	0.17	0.69	0.9	0.86	-0.31	0.93	0.73	0.93	0.42	0.73	0.86	0.17	0.51	0.37	-0.95	0.8		0.76	0.25	0.56	0.96	0.5	0.84	0.96
Total Current Assets	0.9	0.66	0.66	0.92	0.82	0.83	-0.5	0.65	0.95	0.79	0.22	0.97	0.68	0.58	0.39	0.52	-0.67	0.91	0.76		0.56	0.39	0.82	0.72	0.88	0.83
Short Term Debt	0.3	0.43	0.49	0.79	0.18	0.48	0.03	0.08	0.35	0.16	-0.55	0.46	0.18	0.23	-0.32	0.35	-0.13	0.49	0.25	0.56		0.56	0.37	0.37	0.35	0.28
Accounts Payable	0.47	0.57	0.05	0.59	0.4	0.61	0.35	0.47	0.21	0.47	-0.11	0.31	0.42	0.02	0.07	0.03	-0.53	0.52	0.56	0.39	0.56		0.63	0.54	0.47	0.52
Inventory	0.94	0.62	0.2	0.76	0.93	0.93	-0.32	0.91	0.77	0.93	0.35	0.8	0.85	0.25	0.43	0.32	-0.92	0.83	0.96	0.82	0.37	0.63		0.58	0.88	0.94
Intangible Assets	0.67	0.79	0.57	0.72	0.54	0.64	-0.01	0.37	0.67	0.6	0.34	0.7	0.43	0.73	0.53	0.22	-0.45	0.81	0.5	0.72	0.37	0.54	0.58		0.74	0.62
Common Stock	0.95	0.76	0.35	0.79	0.89	0.96	-0.31	0.78	0.88	0.92	0.48	0.88	0.86	0.64	0.6	0.42	-0.84	0.92	0.84	0.88	0.35	0.47	0.88	0.74		0.94
Current Deferred Revenue	0.96	0.69	0.27	0.75	0.92	0.93	-0.32	0.9	0.82	0.96	0.48	0.81	0.93	0.39	0.61	0.46	-0.94	0.9	0.96	0.83	0.28	0.52	0.94	0.62	0.94

Click cells to compare fundamentals

Cadence Design Account Relationship Matchups

Cadence Design fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.4B	4.0B	4.4B	5.1B	5.7B	6.0B
Short Long Term Debt Total	371.6M	380.7M	372.9M	748.1M	806.0M	846.3M
Other Current Liab	316.9M	350.0M	417.3M	510.0M	383.3M	221.5M
Total Current Liabilities	672.4M	796.8M	971.2M	1.3B	1.6B	1.7B
Total Stockholder Equity	2.1B	2.5B	2.7B	2.7B	3.4B	3.6B
Property Plant And Equipment Net	275.9M	311.1M	305.9M	371.5M	554.0M	581.7M
Net Debt	(359.2M)	(581.6M)	(741.4M)	(134.2M)	(202.1M)	(212.2M)
Retained Earnings	1.8B	2.4B	3.0B	3.9B	4.9B	5.2B
Cash	705.2M	928.4M	1.1B	882.3M	1.0B	1.1B
Non Current Assets Total	2.2B	2.5B	2.7B	3.4B	3.7B	3.9B
Non Currrent Assets Other	207.2M	303.9M	311.7M	356.3M	137.2M	194.3M
Cash And Short Term Investments	705.2M	928.4M	1.1B	882.3M	1.1B	1.2B
Net Receivables	304.5M	338.5M	337.6M	486.7M	506.8M	532.1M
Common Stock Shares Outstanding	280.5M	279.6M	278.9M	275.0M	272.7M	259.7M
Liabilities And Stockholders Equity	3.4B	4.0B	4.4B	5.1B	5.7B	6.0B
Non Current Liabilities Total	581.9M	661.0M	674.4M	1.0B	674.4M	449.0M
Other Current Assets	103.8M	135.7M	173.5M	205.2M	149.3M	86.2M
Other Stockholder Equity	(1.7B)	(2.1B)	(2.7B)	(3.8B)	(4.6B)	(4.4B)
Total Liab	1.3B	1.5B	1.6B	2.4B	2.3B	2.4B
Property Plant And Equipment Gross	376.2M	444.5M	1.2B	1.3B	1.4B	1.5B
Total Current Assets	1.2B	1.5B	1.7B	1.7B	2.0B	2.1B
Accumulated Other Comprehensive Income	(36.9M)	(17.4M)	(33.3M)	(91.6M)	(94.8M)	(90.0M)
Short Term Debt	100M	25.6M	33.9M	25.3M	390.9M	410.4M
Accounts Payable	(25.6M)	(33.9M)	(25.3M)	47.1M	91.2M	62.2M
Inventory	55.8M	76.0M	115.7M	128.0M	181.7M	190.7M
Intangible Assets	172.4M	210.6M	233.3M	354.6M	336.8M	324.2M
Common Stock	2.0B	2.2B	2.5B	2.8B	3.2B	3.3B
Current Deferred Revenue	355.5M	446.9M	553.9M	690.5M	683.8M	718.0M
Common Stock Total Equity	2.0B	2.2B	2.5B	2.8B	3.2B	3.3B
Short Term Investments	4.6M	4.5M	6.0M	4.5M	130.4M	136.9M
Other Liab	151.1M	200.3M	326.8M	256.8M	231.2M	202.3M
Other Assets	839.2M	902.8M	1.2B	1.0B	1.2B	1.3B
Long Term Debt	346.0M	346.8M	347.6M	648.1M	299.8M	388.2M
Treasury Stock	(1.7B)	(2.1B)	(2.7B)	(3.8B)	(3.4B)	(3.3B)
Property Plant Equipment	275.9M	311.1M	305.9M	371.5M	334.3M	251.3M
Good Will	661.9M	782.1M	928.4M	1.4B	1.5B	864.7M
Net Tangible Assets	2.1B	1.5B	1.6B	1.0B	1.2B	1.1B
Retained Earnings Total Equity	1.8B	2.4B	3.0B	3.9B	4.5B	4.7B
Long Term Debt Total	346.0M	346.8M	347.6M	648.1M	745.3M	455.7M
Deferred Long Term Liab	73.4M	107.1M	101.1M	91.5M	105.3M	76.0M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Cadence Stock Analysis

When running Cadence Design's price analysis, check to measure Cadence Design's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cadence Design is operating at the current time. Most of Cadence Design's value examination focuses on studying past and present price action to predict the probability of Cadence Design's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cadence Design's price. Additionally, you may evaluate how the addition of Cadence Design to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC