ANSYS Inc (ANSS)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	500,412	523,710	454,627	433,887	451,295
Revenue	US$ in thousands	2,269,950	2,065,550	1,906,720	1,681,300	1,515,890
Net profit margin		22.05%	25.35%	23.84%	25.81%	29.77%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $500,412K ÷ $2,269,950K
= 22.05%

The net profit margin of Ansys Inc. has shown a declining trend over the past five years, decreasing from 29.77% in 2019 to 22.05% in 2023. This indicates that the company's profitability relative to its revenue has been diminishing over time. The fluctuations in net profit margin could be due to various factors such as changes in expenses, pricing strategies, or revenue streams. It would be essential for stakeholders to further investigate the reasons behind this downward trend to assess the company's financial health and performance accurately.