Aspen Technology Inc

NASDAQ AZPN

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Aspen Technology Inc Average Collection Period 3 year CAGR for the year ending June 30, 2023: -3.06%

Aspen Technology Inc Average Collection Period 3 year CAGR is -3.06% for the year ending June 30, 2023, a -110.77% change year over year. The average collection period measures the average number of days it takes for a company to collect payments from its customers. It is calculated by dividing 365 by the ratio of revenue to the average of receivables and other current assets. A lower average collection period indicates a more efficient collection process and better cash flow management, while a higher period may suggest delayed payments and potential liquidity challenges. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Aspen Technology Inc Average Collection Period for the year ending June 30, 2022 was 230.87, a 140.06% change year over year.
Aspen Technology Inc Average Collection Period for the year ending June 30, 2021 was 96.17, a -13.65% change year over year.
Aspen Technology Inc Average Collection Period for the year ending June 30, 2020 was 111.37, a 2.25% change year over year.
Aspen Technology Inc Average Collection Period for the year ending June 30, 2019 was 108.92, a 751.31% change year over year.

NASDAQ: AZPN

Aspen Technology Inc

CEO	Mr. Antonio J. Pietri
IPO Date	Oct. 25, 1994
Location	United States
Headquarters	20 Crosby Drive, Bedford, MA, United States, 01730
Employees	3,900
Sector	Technology
Industry	Software - application

Description

Aspen Technology, Inc. provides industrial software that focuses on helping customers in asset-intensive industries worldwide. The company's solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. Its software is used in performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital grid management, and industrial data management. The company serves a range of asset-intensive industries, including oil and gas exploration and production; oil and gas processing and distribution; and oil and gas refining and marketing, as well as bulk and specialty chemicals, engineering and construction, power and utilities, metals and mining, and pharmaceuticals. Aspen Technology, Inc. was founded in 1981 and is headquartered in Bedford, Massachusetts. Aspen Technology, Inc. operates as a subsidiary of EMR Worldwide Inc.

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