ANSYS Inc (ANSS)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	626,135	592,658	513,271	496,356	515,040
Revenue	US$ in thousands	2,269,950	2,065,550	1,906,720	1,681,300	1,515,890
Operating profit margin		27.58%	28.69%	26.92%	29.52%	33.98%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $626,135K ÷ $2,269,950K
= 27.58%

Ansys Inc.'s operating profit margin has experienced some fluctuations over the past five years. The margin was highest in 2019 at 33.98% and has gradually decreased to 27.58% in 2023. This decline in the operating profit margin indicates that the company may be experiencing challenges in controlling its operating expenses relative to its revenues. However, Ansys Inc. has maintained relatively healthy operating profit margins above 25% over the years, demonstrating its ability to generate profits from its core business operations. Further analysis of the company's cost structure and revenue sources is recommended to better understand the factors influencing its operating profit margin trends.