ANSYS Inc (ANSS)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 271,298 | 250,641 | 257,984 | 225,264 | 166,273 |
| Inventory | US$ in thousands | — | -51,159 | -52,435 | -44,740 | 0 |
| Inventory turnover | — | — | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $271,298K ÷ $—K
= —
To calculate Ansys Inc.'s inventory turnover ratio, we need information regarding the cost of goods sold (COGS) and the average inventory balance for each year. The formula for inventory turnover is:
Inventory Turnover = COGS / Average Inventory
Without the specific figures for COGS and average inventory for the respective years listed, we are unable to compute Ansys Inc.'s inventory turnover ratio. It is crucial to have these values to assess how efficiently the company is managing its inventory levels. For a more precise analysis of Ansys Inc.'s inventory turnover, we would require additional financial data.
Peer comparison
Dec 31, 2023