ANSYS Inc (ANSS)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 7,322,880 | 6,687,940 | 6,324,310 | 5,940,590 | 4,838,890 |
| Operating ROA | 8.55% | 8.86% | 8.12% | 8.36% | 10.64% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $626,135K ÷ $7,322,880K
= 8.55%
Ansys Inc.'s operating return on assets (operating ROA) has shown some fluctuations over the past five years, ranging from 8.12% in 2021 to 10.64% in 2019. The operating ROA for 2023 is reported at 8.55%, a slight decrease from the previous year. This metric indicates that the company generated $0.0855 in operating income for every dollar of assets employed in the business during the year.
While the operating ROA has generally been above 8% in recent years, it is essential to delve deeper into the reasons behind the fluctuations to assess the company's operational efficiency and profitability. Factors such as changes in revenue, expenses, asset utilization, and capital structure could have influenced the changes in operating ROA over the period. Further analysis and comparison with industry benchmarks would provide additional insights into Ansys Inc.'s performance relative to its peers.
Peer comparison
Dec 31, 2023