Aspen Technology Inc

NASDAQ AZPN

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Aspen Technology Inc Days Inventory Outstanding (DIO) 2 year CAGR for the Trailing 12 Months (TTM) ending March 31, 2024: -99.99%

Aspen Technology Inc Days Inventory Outstanding (DIO) 2 year CAGR is -99.99% for the Trailing 12 Months (TTM) ending March 31, 2024. The days inventory outstanding ratio measures the average number of days it takes for a company to sell its inventory. It is calculated by dividing inventory by the cost of revenue and then multiplying by 365. This ratio indicates the average number of days inventory is held before being sold. A lower number of days suggests faster inventory turnover and efficient inventory management. 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 Days Inventory Outstanding (DIO) for the Trailing 12 Months (TTM) ending March 31, 2023 was 3.20.
Aspen Technology Inc Days Inventory Outstanding (DIO) for the Trailing 12 Months (TTM) ending March 31, 2021 was 64.77.

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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