ANSYS Reconciled Depreciation vs Operating Income Analysis
ANSS Stock | USD 321.48 3.40 1.05% |
ANSYS financial indicator trend analysis is way more than just evaluating ANSYS Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ANSYS Inc is a good investment. Please check the relationship between ANSYS Reconciled Depreciation and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ANSYS Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Reconciled Depreciation vs Operating Income
Reconciled Depreciation vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ANSYS Inc Reconciled Depreciation account and Operating Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between ANSYS's Reconciled Depreciation and Operating Income is 0.71. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Operating Income in the same time period over historical financial statements of ANSYS Inc, assuming nothing else is changed. The correlation between historical values of ANSYS's Reconciled Depreciation and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of ANSYS Inc are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Reconciled Depreciation i.e., ANSYS's Reconciled Depreciation and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Reconciled Depreciation
Operating Income
Operating Income is the amount of profit realized from ANSYS Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of ANSYS Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most indicators from ANSYS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ANSYS Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ANSYS Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, ANSYS's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 42.52 in 2024, whereas Tax Provision is likely to drop slightly above 67.4 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.6B | 1.8B | 2.0B | 2.1B | Total Revenue | 1.9B | 2.1B | 2.3B | 2.4B |
ANSYS fundamental ratios Correlations
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ANSYS Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ANSYS fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.8B | 5.9B | 6.3B | 6.7B | 7.3B | 7.7B | |
Other Current Liab | (89.3M) | (42.3M) | (33.7M) | (36.8M) | 386.6M | 405.9M | |
Total Current Liabilities | 351.4M | 372.1M | 391.5M | 414.0M | 889.3M | 933.8M | |
Total Stockholder Equity | 3.5B | 4.1B | 4.5B | 4.9B | 5.4B | 5.7B | |
Property Plant And Equipment Net | 189.3M | 234.2M | 208.8M | 210.0M | 194.8M | 204.5M | |
Net Debt | (448.6M) | (114.6M) | 85.9M | 139.2M | (5.8M) | (6.1M) | |
Retained Earnings | 3.4B | 3.8B | 4.3B | 4.8B | 5.3B | 5.5B | |
Accounts Payable | 14.3M | 18.7M | 10.9M | 14.0M | 22.8M | 23.9M | |
Cash | 872.1M | 912.7M | 667.7M | 614.4M | 860.2M | 455.4M | |
Non Current Assets Total | 3.5B | 4.5B | 5.0B | 5.3B | 5.3B | 5.5B | |
Non Currrent Assets Other | 643.0M | 756.7M | 838.0M | 550.2M | 272.4M | 168.8M | |
Cash And Short Term Investments | 872.4M | 913.2M | 668.0M | 614.6M | 860.4M | 462.6M | |
Net Receivables | 433.5M | 537.6M | 645.9M | 760.3M | 1.1B | 1.2B | |
Good Will | 2.4B | 3.0B | 3.4B | 3.7B | 3.8B | 4.0B | |
Common Stock Shares Outstanding | 85.9M | 87.3M | 88.1M | 87.5M | 87.4M | 88.7M | |
Liabilities And Stockholders Equity | 4.8B | 5.9B | 6.3B | 6.7B | 7.3B | 7.7B | |
Non Current Liabilities Total | 1.0B | 1.5B | 1.4B | 1.4B | 1.0B | 1.1B | |
Other Current Assets | 45.3M | 44.7M | 52.4M | 51.2M | 48.9M | 43.2M | |
Other Stockholder Equity | 147.1M | 310.1M | 280.0M | 204.7M | 196.3M | 328.4M | |
Total Liab | 1.4B | 1.8B | 1.8B | 1.8B | 1.9B | 991.7M | |
Property Plant And Equipment Gross | 189.3M | 234.2M | 364.9M | 368.3M | 370.2M | 388.7M | |
Total Current Assets | 1.3B | 1.5B | 1.3B | 1.4B | 2.0B | 2.2B | |
Accumulated Other Comprehensive Income | (65.4M) | (17.8M) | (56.1M) | (122.7M) | (90.3M) | (85.8M) | |
Intangible Assets | 476.7M | 694.9M | 763.1M | 809.2M | 835.4M | 877.2M | |
Other Assets | 204.1M | 253.9M | 838.0M | 845.6M | 972.5M | 1.0B | |
Short Term Investments | 288K | 479K | 361K | 183K | 189K | 179.6K | |
Treasury Stock | (1.0B) | (1.1B) | (1.2B) | (1.3B) | (1.2B) | (1.1B) | |
Property Plant Equipment | 83.6M | 96.5M | 87.9M | 80.8M | 93.0M | 48.8M | |
Current Deferred Revenue | 351.4M | 372.1M | 391.5M | 414.0M | 457.5M | 271.3M | |
Other Liab | 175.1M | 194.8M | 203.8M | 160.9M | 185.0M | 98.8M | |
Short Term Debt | 8.7M | 75M | 23.6M | 22.8M | 22.5M | 12.3M | |
Net Tangible Assets | 563.4M | 364.7M | 311.7M | 398.4M | 458.2M | 549.1M | |
Retained Earnings Total Equity | 3.4B | 3.8B | 4.3B | 4.8B | 5.5B | 5.8B | |
Capital Surpluse | 1.2B | 1.4B | 1.5B | 1.5B | 1.8B | 1.2B |
Pair Trading with ANSYS
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ANSYS position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ANSYS will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to ANSYS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ANSYS when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ANSYS - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ANSYS Inc to buy it.
The correlation of ANSYS is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ANSYS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ANSYS Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ANSYS can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ANSYS Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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Is ANSYS's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ANSYS. If investors know ANSYS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ANSYS listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.066 | Earnings Share 5.72 | Revenue Per Share 26.142 | Quarterly Revenue Growth 0.16 | Return On Assets 0.0559 |
The market value of ANSYS Inc is measured differently than its book value, which is the value of ANSYS that is recorded on the company's balance sheet. Investors also form their own opinion of ANSYS's value that differs from its market value or its book value, called intrinsic value, which is ANSYS's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ANSYS's market value can be influenced by many factors that don't directly affect ANSYS's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ANSYS's value and its price as these two are different measures arrived at by different means. Investors typically determine if ANSYS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ANSYS's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.