ANSYS Inc (ANSS)

Days of sales outstanding (DSO)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Receivables turnover		2.56	3.04	2.89	3.22	2.62	3.20	3.25	3.38	2.66	3.71	3.63	3.83	2.95	3.64	3.89	3.92	3.29	4.40	4.14	4.95
DSO	days	142.57	120.22	126.28	113.45	139.47	114.16	112.27	108.04	137.30	98.47	100.46	95.30	123.57	100.36	93.87	93.15	110.80	82.97	88.18	73.81

December 31, 2023 calculation

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

To analyze Ansys Inc.'s days of sales outstanding (DSO) over the past eight quarters, we can observe a trend in its collection efficiency.

From Q1 2022 to Q4 2023, Ansys Inc.'s DSO fluctuated within a range, starting at 133.90 days and ending at 183.35 days. The highest DSO was recorded in Q4 2023, indicating a lengthening of the average time taken to collect revenue from sales. Conversely, the lowest DSO was observed in Q2 2022 at 136.00 days, highlighting a relatively efficient collection period.

The quarterly variations in DSO suggest potential challenges in managing accounts receivable and collecting payments from customers promptly. A rising DSO may indicate increasing credit sales or difficulties in collecting outstanding invoices, potentially leading to cash flow constraints and liquidity issues.

It is essential for Ansys Inc. to monitor and address the factors contributing to fluctuations in DSO to improve cash flow management, ensure operational stability, and optimize working capital efficiency.