There Are Reasons To Feel Uneasy About Cadence Design Systems' (NASDAQ:CDNS) Returns On Capital [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
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Source: Yahoo! Finance
Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. However, after briefly looking over the numbers, we don't think Cadence Design Systems NASDAQ:CDNS ) has the makings of a multi-bagger going forward, but let's have a look at why that may be. If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from 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) Therefore, Cadence Design Systems has an ROCE of 17%. In absolute terms, that's a satisfactory return, but compared to the Softwa
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News
- Cadence Design Systems, Inc. (NASDAQ: CDNS) is now covered by analysts at Loop Capital. They set a "buy" rating and a $360.00 price target on the stock.MarketBeat
- Cadence Design Systems, Inc.'s (NASDAQ:CDNS) high institutional ownership speaks for itself as stock continues to impress, up 14% over last week [Yahoo! Finance]Yahoo! Finance
- Jim Cramer on Cadence Design Systems, Inc. (CDNS): ‘An Incredibly Good Semiconductor Design Software Company Goes Arm In Arm With Nvidia' [Yahoo! Finance]Yahoo! Finance
- Stock Market News for Oct 30, 2024 [Yahoo! Finance]Yahoo! Finance
- Cadence Design Systems Tops S&P 500 After Strong Third Quarter [Yahoo! Finance]Yahoo! Finance
CDNS
Earnings
- 10/28/24 - Beat
CDNS
Sec Filings
- 11/6/24 - Form 144
- 11/5/24 - Form 4
- 11/1/24 - Form 144
- CDNS's page on the SEC website