ANSYS Inc (ANSS)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,544,810 | 2,269,950 | 2,065,550 | 1,906,720 | 1,681,300 |
| Receivables | US$ in thousands | 1,030,600 | 886,630 | 789,250 | 717,223 | 569,192 |
| Receivables turnover | 2.47 | 2.56 | 2.62 | 2.66 | 2.95 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,544,810K ÷ $1,030,600K
= 2.47
The receivables turnover of ANSYS Inc has been showing a declining trend over the years. It was 2.95 in December 31, 2020, but decreased to 2.66 by the end of December 31, 2021. The turnover further decreased to 2.62 in December 31, 2022, followed by 2.56 in December 31, 2023, and 2.47 in December 31, 2024. This implies that the company is taking longer to collect its accounts receivable, which may indicate potential issues with credit policies, collection practices, or the creditworthiness of customers. Further investigation into the reasons behind this declining trend is recommended to address any underlying issues and improve the efficiency of the company's receivables management.
Peer comparison
Dec 31, 2024