ANSYS Inc (ANSS)
Total asset 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 |
| Total assets | US$ in thousands | 8,051,430 | 7,322,880 | 6,687,940 | 6,324,310 | 5,940,590 |
| Total asset turnover | 0.32 | 0.31 | 0.31 | 0.30 | 0.28 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,544,810K ÷ $8,051,430K
= 0.32
The total asset turnover ratio for ANSYS Inc has shown a consistent increasing trend over the past five years. Starting at 0.28 in December 31, 2020, it has gradually improved to 0.32 by December 31, 2024. This indicates that the company is generating more revenue for each dollar invested in its total assets. A higher total asset turnover ratio is generally favorable as it suggests enhanced efficiency in asset utilization and effectiveness in generating sales. ANSYS Inc's ability to generate more sales relative to its total assets is a positive indicator of its operational efficiency and potential for future growth.
Peer comparison
Dec 31, 2024