ANSYS Inc (ANSS)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	626,135	553,236	606,804	639,190	592,658	571,405	555,649	544,412	513,271	533,814	516,271	512,305	496,356	422,681	437,643	453,464	515,040	509,260	497,237	477,162
Total assets	US$ in thousands	7,322,880	6,673,520	6,605,250	6,480,930	6,687,940	6,161,640	6,118,580	6,053,180	6,324,310	5,974,750	5,890,770	5,818,030	5,940,590	4,846,300	4,671,870	4,526,080	4,838,890	3,582,010	3,512,840	3,372,260
Operating ROA		8.55%	8.29%	9.19%	9.86%	8.86%	9.27%	9.08%	8.99%	8.12%	8.93%	8.76%	8.81%	8.36%	8.72%	9.37%	10.02%	10.64%	14.22%	14.15%	14.15%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $626,135K ÷ $7,322,880K
= 8.55%

Operating return on assets (operating ROA) is a key financial metric that indicates the efficiency of Ansys Inc. in generating operating income from its assets. Looking at the trend of operating ROA over the past eight quarters, we observe fluctuations in the percentage.

The operating ROA for Ansys Inc. ranged from 8.29% to 9.86% during the mentioned period. The highest operating ROA of 9.86% was recorded in Q1 2023, indicating that the company was able to generate more operating income relative to its assets in that quarter. On the other hand, the lowest operating ROA of 8.29% was observed in Q3 2023.

Overall, Ansys Inc. has shown a relatively stable performance in terms of operating ROA over the past quarters, with fluctuations within a reasonable range. It is important for the company to consistently monitor and improve its operating ROA to ensure efficient utilization of its assets and sustainable profitability.