ANSYS Inc (ANSS)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	2,544,809	2,467,743	2,324,646	2,227,107	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
Total assets	US$ in thousands	8,051,430	7,608,070	7,319,620	7,150,410	7,322,880	6,673,520	6,605,250	6,480,930	6,687,940	6,161,640	6,118,580	6,053,180	6,324,310	5,974,750	5,890,770	5,818,030	5,940,590	4,846,300	4,671,870	4,526,080
Total asset turnover		0.32	0.32	0.32	0.31	0.31	0.32	0.33	0.33	0.31	0.33	0.33	0.33	0.30	0.31	0.31	0.30	0.28	0.32	0.33	0.33

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,544,809K ÷ $8,051,430K
= 0.32

Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. ANSYS Inc's total asset turnover has remained relatively stable over the period provided, ranging from 0.28 to 0.33. A total asset turnover of 0.30 to 0.33 indicates that ANSYS Inc generates approximately $0.30 to $0.33 in revenue for every dollar invested in assets.

The slight fluctuations in total asset turnover suggest that ANSYS Inc has efficiently utilized its assets to generate sales. A stable or slightly increasing trend in total asset turnover generally reflects effective management in using its assets to drive revenue growth. However, any significant decline or inconsistency in this ratio could warrant further investigation into the company's asset utilization efficiency.