ANSYS Inc (ANSS)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	2,544,809	2,467,743	2,324,646	2,227,107	2,269,949	2,158,956	2,172,672	2,149,923	2,065,553	2,027,105	1,995,762	1,968,566	1,906,715	1,874,734	1,800,531	1,739,538	1,681,297	1,543,839	1,520,773	1,503,747
Property, plant and equipment	US$ in thousands	89,646	87,134	86,294	80,930	77,780	75,431	78,539	80,825	80,838	77,748	81,154	84,678	87,914	90,793	91,872	93,207	96,503	90,299	88,792	82,471
Fixed asset turnover		28.39	28.32	26.94	27.52	29.18	28.62	27.66	26.60	25.55	26.07	24.59	23.25	21.69	20.65	19.60	18.66	17.42	17.10	17.13	18.23

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,544,809K ÷ $89,646K
= 28.39

The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate sales revenue. A higher fixed asset turnover ratio indicates that the company is generating more sales revenue per dollar of fixed assets.

Based on the data provided for ANSYS Inc, we can observe that the fixed asset turnover ratio has been increasing steadily over the past few quarters. From March 31, 2020, to December 31, 2024, the ratio has shown an overall upward trend, with fluctuations in some quarters.

The ratio has experienced significant growth, starting at 18.23 on March 31, 2020, and reaching 28.39 on December 31, 2024. This increasing trend indicates that ANSYS Inc is effectively using its fixed assets to drive sales growth and generate revenue.

A high fixed asset turnover ratio suggests that the company is operating efficiently and effectively managing its fixed assets to support its revenue generation activities. ANSYS Inc's improving fixed asset turnover ratio reflects positively on the company's operational efficiency and management of its asset base. It also indicates potential strategic decisions aimed at optimizing asset utilization and driving revenue growth.