ANSYS Inc (ANSS)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	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	1,515,892	1,445,096	1,390,615	1,327,893
Property, plant and equipment	US$ in thousands	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	83,636	70,295	68,294	63,301
Fixed asset turnover		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	18.12	20.56	20.36	20.98

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,269,949K ÷ $77,780K
= 29.18

The fixed asset turnover ratio for Ansys Inc. has shown a consistent increase over the past four quarters. The ratio stood at 23.25 in Q1 2022 and steadily increased to 26.60 in Q1 2023, indicating that the company is generating more revenue relative to its investment in fixed assets. This continued improvement demonstrates the company's ability to utilize its fixed assets efficiently to generate sales.

Ansys Inc.'s fixed asset turnover ratio has consistently been above 25. This suggests that the company is effectively utilizing its fixed assets to generate revenue, as a higher fixed asset turnover typically indicates better operational performance in terms of asset utilization.

Overall, the trend of increasing fixed asset turnover for Ansys Inc. indicates that the company is efficiently managing and utilizing its fixed assets to drive sales growth and generate value for its shareholders.