ANSYS Inc (ANSS)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		2.56	2.62	2.66	2.95	3.29
DSO	days	142.57	139.47	137.30	123.57	110.80

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 2.56
= 142.57

The days of sales outstanding (DSO) for Ansys Inc. have shown a gradual uptrend over the past five years. The DSO increased from 153.58 days in 2019 to 183.35 days in 2023. This suggests that Ansys Inc. takes longer to collect its accounts receivable over time, which may indicate potential issues with the company's credit policies or collection procedures. It is important for the company to monitor and manage its DSO effectively to ensure timely and efficient collection of receivables, as a high DSO can negatively impact cash flow and liquidity. Further analysis of the underlying reasons for the increase in DSO is recommended to identify areas for improvement in the company's receivables management process.