Cadence Design Systems (NASDAQ:CDNS) Might Be Having Difficulty Using Its Capital Effectively [Yahoo! Finance]
Cadence Design Systems, Inc. (CDNS)
Last cadence design systems, inc. earnings: 4/20 04:05 pm
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US:NASDAQ Investor Relations:
cadence.com/company/investor_relations/index.aspx?lid=investor_relations
Company Research
Source: Yahoo! Finance
Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Having said that, from a first glance at Cadence Design Systems NASDAQ:CDNS ) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. Return On Capital Employed (ROCE): What Is It? For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for Cadence Design Systems, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.17 = US$1.3b ÷ (US$9.2b - US$1.7b) (Based on the trailing twelve months to September 2024) So, Cadence Design Systems has an ROCE of 17%. On its own, that's a st
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CDNS
News
- Cadence Announces Fourth Quarter and Fiscal Year 2024 Financial Results WebcastBusiness Wire
- Cadence Design Systems (CDNS) Dips More Than Broader Market: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Is It Too Late To Consider Buying Cadence Design Systems, Inc. (NASDAQ:CDNS)? [Yahoo! Finance]Yahoo! Finance
- Cadence Design Systems (CDNS) Stock Moves -1.04%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- 2 Top Tech Stocks to Buy in 2025 for Long-Term AI Growth (CDNS, ANET) [Yahoo! Finance]Yahoo! Finance
CDNS
Earnings
- 10/28/24 - Beat
CDNS
Sec Filings
- 1/3/25 - Form 4
- 1/3/25 - Form 3
- 1/3/25 - Form 144
- CDNS's page on the SEC website