ANSYS Inc (ANSS)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	2,269,950	2,065,550	1,906,720	1,681,300	1,515,890
Total assets	US$ in thousands	7,322,880	6,687,940	6,324,310	5,940,590	4,838,890
Total asset turnover		0.31	0.31	0.30	0.28	0.31

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,269,950K ÷ $7,322,880K
= 0.31

The total asset turnover ratio for Ansys Inc. has remained relatively stable over the past five years, ranging between 0.28 and 0.31. This ratio indicates that, on average, Ansys Inc. generated approximately $0.30 to $0.31 in revenue for every dollar of total assets held during these years.

While the total asset turnover ratio provides insight into how efficiently the company is utilizing its assets to generate revenue, it appears that Ansys Inc. has maintained a consistent level of asset productivity over the period analyzed. This suggests that the company's operations have been relatively stable in terms of generating revenue in relation to its asset base. It would be important to further analyze the company's specific industry and competitive dynamics to determine the effectiveness of Ansys Inc.'s asset management strategy and its overall operational efficiency.