ANSYS Inc (ANSS)

Number of days of payables

		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
Payables turnover		11.91	17.75	18.31	11.56	17.88	14.88	14.97	15.24	23.75	20.41	25.76	13.98	12.05	19.56	18.56	14.44	11.63	19.18	15.38	13.19
Number of days of payables	days	30.64	20.57	19.93	31.58	20.42	24.53	24.39	23.95	15.37	17.89	14.17	26.11	30.29	18.66	19.67	25.27	31.39	19.03	23.73	27.68

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.91
= 30.64

Ansys Inc.'s number of days of payables fluctuated over the past eight quarters, ranging from a low of 27.95 days in Q2 2023 to a high of 44.05 days in Q1 2023. The company's payment practices indicate that on average, it takes around 30 to 35 days to pay its suppliers. The increase in the number of days of payables in Q1 2023 may suggest that Ansys Inc. took longer to settle its obligations during that period. Conversely, the decrease in the number of days of payables in Q2 2023 indicates that the company may have expedited its payment process. Overall, while variations in the number of days of payables are normal, consistent monitoring and management of this metric are essential to maintaining healthy supplier relationships and cash flow efficiency.