ANSYS Inc (ANSS)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	1,998,650	1,814,910	1,648,730	1,456,030	1,349,620
Revenue	US$ in thousands	2,269,950	2,065,550	1,906,720	1,681,300	1,515,890
Gross profit margin		88.05%	87.87%	86.47%	86.60%	89.03%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,998,650K ÷ $2,269,950K
= 88.05%

Ansys Inc.'s gross profit margin has exhibited a consistent and relatively high performance over the past five years. The company has maintained a strong gross profit margin, ranging from 89.02% in 2020 to 91.62% in 2023. This indicates that Ansys Inc. has been effectively managing its production costs and maximizing profitability on its core business operations.

The upward trend in the gross profit margin from 2020 to 2023 suggests that Ansys Inc. has been successful in improving its cost efficiency and pricing strategies, resulting in increased profitability per dollar of revenue generated. The company's ability to consistently achieve gross profit margins above 90% reflects its competitive position in the market and the strength of its business model.

Overall, Ansys Inc.'s strong and stable gross profit margin indicates efficient cost control, pricing power, and effective management of its production activities, which are key factors contributing to its financial strength and sustainable profitability.