Analysis of Geographic Areas
Cadence Design Systems Inc. operates in 6 regions: United States; Other Americas; China; Other Asia; Europe, Middle East and Africa; and Japan.
Area Asset Turnover
Cadence Design Systems Inc., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| United States | 4.42 | 4.54 | 4.84 | 3.98 | 4.46 |
| Other Americas | 6.39 | 7.04 | 43.22 | 30.27 | 59.72 |
| China | 22.96 | 10.09 | 6.70 | 6.64 | 15.35 |
| Other Asia | 10.74 | 8.59 | 10.37 | 10.35 | 16.46 |
| Europe, Middle East and Africa | 11.60 | 10.22 | 9.74 | 8.79 | 41.37 |
| Japan | 89.10 | 43.80 | 60.99 | 31.76 | 174.73 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
| Other Americas | Other Americas area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| China | China area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Other Asia | Other Asia area asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. | |
| Europe, Middle East and Africa | Europe, Middle East and Africa area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Japan | Japan area asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Area Asset Turnover: United States
Cadence Design Systems Inc.; United States; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue | 1,694,529) | 1,577,881) | 1,292,980) | 1,096,263) | 982,380) |
| Long-lived assets | 383,807) | 347,822) | 267,202) | 275,651) | 220,023) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 4.42 | 4.54 | 4.84 | 3.98 | 4.46 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28).
1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 1,694,529 ÷ 383,807 = 4.42
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Other Americas
Cadence Design Systems Inc.; Other Americas; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue | 65,259) | 53,123) | 42,141) | 43,652) | 43,473) |
| Long-lived assets | 10,219) | 7,548) | 975) | 1,442) | 728) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 6.39 | 7.04 | 43.22 | 30.27 | 59.72 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28).
1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 65,259 ÷ 10,219 = 6.39
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other Americas | Other Americas area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: China
Cadence Design Systems Inc.; China; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue | 679,538) | 521,509) | 378,160) | 406,645) | 241,474) |
| Long-lived assets | 29,598) | 51,667) | 56,403) | 61,199) | 15,729) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 22.96 | 10.09 | 6.70 | 6.64 | 15.35 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28).
1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 679,538 ÷ 29,598 = 22.96
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | China | China area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Other Asia
Cadence Design Systems Inc.; Other Asia; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue | 766,409) | 629,533) | 566,772) | 487,362) | 459,028) |
| Long-lived assets | 71,365) | 73,329) | 54,677) | 47,073) | 27,890) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 10.74 | 8.59 | 10.37 | 10.35 | 16.46 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28).
1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 766,409 ÷ 71,365 = 10.74
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other Asia | Other Asia area asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Area Asset Turnover: Europe, Middle East and Africa
Cadence Design Systems Inc.; Europe, Middle East and Africa; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue | 655,078) | 582,350) | 523,390) | 469,804) | 433,314) |
| Long-lived assets | 56,449) | 56,959) | 53,748) | 53,472) | 10,474) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 11.60 | 10.22 | 9.74 | 8.79 | 41.37 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28).
1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 655,078 ÷ 56,449 = 11.60
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe, Middle East and Africa | Europe, Middle East and Africa area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Japan
Cadence Design Systems Inc.; Japan; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue | 229,173) | 197,322) | 184,801) | 179,165) | 176,650) |
| Long-lived assets | 2,572) | 4,505) | 3,030) | 5,642) | 1,011) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 89.10 | 43.80 | 60.99 | 31.76 | 174.73 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28).
1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 229,173 ÷ 2,572 = 89.10
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Japan | Japan area asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Revenue
Cadence Design Systems Inc., revenue by geographic area
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| United States | 1,694,529) | 1,577,881) | 1,292,980) | 1,096,263) | 982,380) |
| Other Americas | 65,259) | 53,123) | 42,141) | 43,652) | 43,473) |
| Americas | 1,759,788) | 1,631,004) | 1,335,121) | 1,139,915) | 1,025,853) |
| China | 679,538) | 521,509) | 378,160) | 406,645) | 241,474) |
| Other Asia | 766,409) | 629,533) | 566,772) | 487,362) | 459,028) |
| Asia | 1,445,947) | 1,151,042) | 944,932) | 894,007) | 700,502) |
| Europe, Middle East and Africa | 655,078) | 582,350) | 523,390) | 469,804) | 433,314) |
| Japan | 229,173) | 197,322) | 184,801) | 179,165) | 176,650) |
| Total | 4,089,986) | 3,561,718) | 2,988,244) | 2,682,891) | 2,336,319) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28).
Long-lived assets
Cadence Design Systems Inc., long-lived assets by geographic area
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| United States | 383,807) | 347,822) | 267,202) | 275,651) | 220,023) |
| Other Americas | 10,219) | 7,548) | 975) | 1,442) | 728) |
| Americas | 394,026) | 355,370) | 268,177) | 277,093) | 220,751) |
| China | 29,598) | 51,667) | 56,403) | 61,199) | 15,729) |
| Other Asia | 71,365) | 73,329) | 54,677) | 47,073) | 27,890) |
| Asia | 100,963) | 124,996) | 111,080) | 108,272) | 43,619) |
| Europe, Middle East and Africa | 56,449) | 56,959) | 53,748) | 53,472) | 10,474) |
| Japan | 2,572) | 4,505) | 3,030) | 5,642) | 1,011) |
| Total | 554,010) | 541,830) | 436,035) | 444,479) | 275,855) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28).