ANSYS Inc (ANSS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,544,810 | 2,269,950 | 2,065,550 | 1,906,720 | 1,681,300 |
| Property, plant and equipment | US$ in thousands | 89,646 | 77,780 | 80,838 | 87,914 | 96,503 |
| Fixed asset turnover | 28.39 | 29.18 | 25.55 | 21.69 | 17.42 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,544,810K ÷ $89,646K
= 28.39
The fixed asset turnover ratio measures how efficiently ANSYS Inc is utilizing its fixed assets to generate revenue. Over the period from December 31, 2020, to December 31, 2024, the fixed asset turnover has steadily increased from 17.42 to 28.39. This indicates that ANSYS Inc has been able to generate more revenue from its fixed assets each year.
The rising trend in the fixed asset turnover ratio suggests that ANSYS Inc has improved its operational efficiency and effectiveness in utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio is generally considered positive as it indicates that the company is efficiently using its fixed assets to generate revenue.
It is crucial for ANSYS Inc to maintain this trend or even improve it further in the future to continue optimizing the utilization of its fixed assets and generate higher revenues relative to invested fixed assets. Overall, the increasing trend in the fixed asset turnover ratio reflects positively on ANSYS Inc's operational performance and asset management efficiency.
Peer comparison
Dec 31, 2024