Aspen Technology Inc

NASDAQ AZPN

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Aspen Technology Inc Working Capital Turnover Ratio 3 year CAGR for the Trailing 12 Months (TTM) ending March 31, 2024: 17.55%

Aspen Technology Inc Working Capital Turnover Ratio 3 year CAGR is 17.55% for the Trailing 12 Months (TTM) ending March 31, 2024. The working capital turnover ratio measures the efficiency of a company in utilizing its working capital to generate revenue. It is calculated by dividing the revenue by the working capital. This ratio indicates the number of times the company's working capital is converted into revenue during a specific period. A higher working capital turnover ratio suggests more efficient utilization of working capital in revenue generation. 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 Working Capital Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 0.50, a 41.29% change year over year.
Aspen Technology Inc Working Capital Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 0.35, a -7.32% change year over year.
Aspen Technology Inc Working Capital Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 0.38, a 113.89% change year over year.
Aspen Technology Inc Working Capital Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was -2.72, a -556.58% 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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