ANSYS Inc (ANSS)

Return on assets (ROA)

		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
Total assets	US$ in thousands	7,322,880	6,687,940	6,324,310	5,940,590	4,838,890
ROA		6.83%	7.83%	7.19%	7.30%	9.33%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $500,412K ÷ $7,322,880K
= 6.83%

Ansys Inc.'s return on assets (ROA) has shown fluctuation over the past five years, ranging from 6.83% to 9.33%. The decreasing trend from 2019 to 2021 is notable, with a drop from 9.33% to 7.19%. However, the ROA slightly increased in 2022 to 7.83% before dropping again to 6.83% in 2023. This indicates that the company's ability to generate profits from its assets has been somewhat inconsistent over the years. Further analysis of the company's financial performance and efficiency in asset utilization may be necessary to understand the factors influencing these fluctuations in ROA.