ANSYS Inc (ANSS)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 279,819 | 271,298 | 250,641 | 257,984 | 225,264 |
| Payables | US$ in thousands | 27,062 | 22,772 | 14,021 | 10,863 | 18,691 |
| Payables turnover | 10.34 | 11.91 | 17.88 | 23.75 | 12.05 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $279,819K ÷ $27,062K
= 10.34
The payables turnover ratio for ANSYS Inc has fluctuated over the years. In 2020, the company had a payables turnover of 12.05, which increased significantly to 23.75 in 2021, indicating that the company was able to pay off its accounts payable more frequently during that year. In 2022, the payables turnover ratio decreased to 17.88, suggesting that the company took longer to pay off its accounts payable compared to the previous year.
Subsequently, in 2023, the payables turnover ratio decreased further to 11.91, indicating a lower efficiency in managing its accounts payable turnover. The trend continued in 2024, with a payables turnover of 10.34, showing a further decrease in the company's ability to pay off its accounts payable.
Overall, the varying payables turnover ratios suggest fluctuations in ANSYS Inc's management of accounts payable, highlighting the importance of monitoring this metric for assessing the company's liquidity and vendor payment practices.
Peer comparison
Dec 31, 2024