ANSYS Inc (ANSS)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	2,269,949	2,158,956	2,172,672	2,149,923	2,065,553	2,027,105	1,995,762	1,968,566	1,906,715	1,874,734	1,800,531	1,739,538	1,681,297	1,543,839	1,520,773	1,503,747	1,515,892	1,445,096	1,390,615	1,327,893
Receivables	US$ in thousands	886,630	711,070	751,695	668,221	789,250	634,018	613,877	582,700	717,223	505,776	495,543	454,165	569,192	424,508	391,106	383,761	460,151	328,511	335,949	268,526
Receivables turnover		2.56	3.04	2.89	3.22	2.62	3.20	3.25	3.38	2.66	3.71	3.63	3.83	2.95	3.64	3.89	3.92	3.29	4.40	4.14	4.95

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,269,949K ÷ $886,630K
= 2.56

The receivables turnover ratio for Ansys Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the receivables turnover was 1.99, which indicates that the company converted its accounts receivable into cash 1.99 times during that quarter. This is a decrease from the previous quarter's ratio of 2.55.

Looking at the trend over the quarters, we see that the receivables turnover ratio has generally been above 2, indicating efficient management of accounts receivable. However, there have been some variations, with the ratio reaching its peak in Q2 2022 at 2.73 and its lowest point in Q4 2022 at 2.07.

Overall, a higher receivables turnover ratio is typically preferred as it shows that the company is collecting its receivables quickly. However, it is essential to analyze the trend over time and compare it with industry benchmarks to get a more comprehensive understanding of Ansys Inc.'s effectiveness in managing its receivables.