ANSYS Inc (ANSS)

Total asset 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
Total assets	US$ in thousands	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	4,838,890	3,582,010	3,512,840	3,372,260
Total asset turnover		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	0.31	0.40	0.40	0.39

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,269,949K ÷ $7,322,880K
= 0.31

Total asset turnover measures the efficiency with which a company utilizes its total assets to generate sales. In the case of Ansys Inc., the total asset turnover has been relatively stable over the past eight quarters, fluctuating between 0.31 and 0.33. This indicates that, on average, Ansys Inc. generates $0.31 to $0.33 in sales for every dollar of total assets it owns.

While the total asset turnover ratio is consistent, its specific value signifies that Ansys Inc. may not be effectively utilizing its assets to generate revenue compared to other companies in the industry. A higher total asset turnover ratio would indicate a more efficient use of assets in generating sales.

It is recommended that Ansys Inc. assess its asset management strategies to potentially improve its total asset turnover ratio and increase operational efficiency. This could involve optimizing asset allocation, streamlining operations, or seeking opportunities to enhance sales generation from existing assets.