We Think Cadence Design Systems (NASDAQ:CDNS) Might Have The DNA Of A Multi-Bagger [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
Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Speaking of which, we noticed some great changes in Cadence Design Systems' NASDAQ:CDNS ) returns on capital, so let's have a look. What Is Return On Capital Employed (ROCE)? 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) 0.28 = US$1.2b ÷ (US$5.7b - US$1.5b) (Based on the trailing twelve months to March 2024) Therefore, Cadence Design Systems has an ROCE of 28%. That's a fantastic return and not only that, it
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News
- Driving Innovation: Cadence and McLaren Announce Winner of CFD Student Challenge [Yahoo! Finance]Yahoo! Finance
- Cadence Design Systems, Inc. (NASDAQ: CDNS) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $320.00 price target on the stock.MarketBeat
- Cadence’s Anirudh Devgan to Present at J.P. Morgan ConferenceBusiness Wire
- Cadence’s Nimish Modi to Present at Needham ConferenceBusiness Wire
- Dr. Chelsea Clinton, Danny Wirtz, and Valerie Jarrett to Headline Social Innovation Summit on June 4-5 in Chicago [Yahoo! Finance]Yahoo! Finance
CDNS
Earnings
- 4/22/24 - Beat
CDNS
Sec Filings
- 5/17/24 - Form 4
- 5/15/24 - Form 144
- 5/6/24 - Form 4
- CDNS's page on the SEC website