ANSYS Inc (ANSS)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	2,269,950	2,065,550	1,906,720	1,681,300	1,515,890
Property, plant and equipment	US$ in thousands	77,780	80,838	87,914	96,503	83,636
Fixed asset turnover		29.18	25.55	21.69	17.42	18.12

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,269,950K ÷ $77,780K
= 29.18

Fixed asset turnover is a financial ratio that measures Ansys Inc.'s ability to generate sales revenue from its investment in fixed assets. An increasing fixed asset turnover indicates that the company is more efficient in utilizing its fixed assets to generate sales.

Ansys Inc.'s fixed asset turnover has shown a positive trend over the past five years, increasing from 18.12 in 2019 to 29.18 in 2023. This improvement signifies that Ansys Inc. has been able to generate more sales revenue per dollar invested in fixed assets.

The significant increase in fixed asset turnover from 2019 to 2023 indicates that Ansys Inc. has improved its operational efficiency and asset utilization over the years. This may be attributed to better management of fixed assets, increased productivity, or effective cost control measures.

Overall, the rising trend in fixed asset turnover for Ansys Inc. reflects positively on the company's financial performance and operational effectiveness in converting its investment in fixed assets into sales revenue.