ANSYS Inc (ANSS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.91 | 17.88 | 23.75 | 12.05 | 11.63 | |
| Number of days of payables | days | 30.64 | 20.42 | 15.37 | 30.29 | 31.39 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.91
= 30.64
The number of days of payables for Ansys Inc. has shown some fluctuations over the past five years. In 2023, the number of days of payables increased to 43.68 days from 28.23 days in 2022, indicating that the company took longer to pay its suppliers in 2023 compared to the previous year. This could potentially strain the company's cash flow if not managed effectively.
Compared to 2021, where the number of days of payables was at 20.10 days, the increase in 2023 is significant. It suggests that Ansys Inc. may be experiencing challenges in managing its payable obligations efficiently.
In 2020 and 2019, the number of days of payables were 36.95 days and 36.10 days, respectively. This indicates that the company's payables turnover improved in 2023 compared to these two years, as it took fewer days to pay its suppliers.
Overall, Ansys Inc. should closely monitor its number of days of payables to ensure that it is maintaining healthy vendor relationships while also effectively managing its working capital and cash flow position.
Peer comparison
Dec 31, 2023