ANSYS Inc (ANSS)

Return on total capital

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	639,283	567,429	616,681	648,641	598,041	570,356	553,124	557,817	527,759	550,291	535,447	518,876	504,913	432,644	449,715	464,262	526,044	517,933	501,889	480,270
Long-term debt	US$ in thousands	753,891	753,812	753,732	753,653	753,574	753,495	753,402	744,575	753,576	753,451	753,327	793,515	798,118	423,759	423,683	423,607	423,531	—	—	—
Total stockholders’ equity	US$ in thousands	5,390,360	5,006,800	4,914,410	4,782,160	4,865,850	4,543,680	4,452,760	4,363,950	4,484,050	4,339,240	4,250,220	4,111,970	4,097,870	3,589,610	3,438,050	3,292,350	3,453,380	2,923,320	2,817,290	2,684,380
Return on total capital		10.40%	9.85%	10.88%	11.72%	10.64%	10.77%	10.62%	10.92%	10.08%	10.81%	10.70%	10.58%	10.31%	10.78%	11.65%	12.49%	13.57%	17.72%	17.81%	17.89%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $639,283K ÷ ($753,891K + $5,390,360K)
= 10.40%

Ansys Inc.'s return on total capital has shown relatively stable performance over the past eight quarters, ranging from 9.60% to 11.55%. The company maintained an average return on total capital of around 10.58% during this period, indicating effective utilization of both equity and debt capital to generate profits. The consistent performance suggests that Ansys Inc. has been efficiently managing its capital structure and investments to generate returns for its investors. However, it would be important to assess whether the company's return on total capital is in line with industry benchmarks and its own historical performance to gain a deeper understanding of its financial performance.