ANSYS Inc (ANSS)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	1,998,651	1,896,280	1,913,286	1,896,390	1,814,912	1,768,914	1,736,792	1,707,925	1,648,731	1,617,824	1,552,982	1,502,287	1,456,033	1,336,882	1,325,836	1,322,173	1,349,619	1,288,330	1,238,906	1,176,231
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
Gross profit margin		88.05%	87.83%	88.06%	88.21%	87.87%	87.26%	87.02%	86.76%	86.47%	86.30%	86.25%	86.36%	86.60%	86.59%	87.18%	87.93%	89.03%	89.15%	89.09%	88.58%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,998,651K ÷ $2,269,949K
= 88.05%

Based on the historical data provided for Ansys Inc.'s gross profit margin, we observe a consistent trend of improvement over the quarters. The company's gross profit margin has steadily increased from 89.96% in Q1 2022 to 91.62% in Q4 2023. This indicates that Ansys Inc. has been effectively managing its production costs and optimizing its pricing strategies to enhance profitability.

The gradual but consistent uptrend in the gross profit margin reflects the company's ability to generate more revenue from each sale after accounting for the cost of goods sold. This may be attributed to various factors such as economies of scale, efficient cost control measures, or successful product pricing initiatives.

Moreover, the incremental improvement in gross profit margin from one quarter to the next demonstrates Ansys Inc.'s commitment to operational efficiency and value creation for its shareholders. It also suggests that the company is effectively leveraging its resources to maximize profitability.

Overall, the trend of increasing gross profit margins for Ansys Inc. is a positive indicator of the company's financial performance and management effectiveness in optimizing operational processes related to production and sales.