Altair Engineering Inc (ALTR)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	46.51	45.81	74.56
DOH	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	7.85	7.97	4.90

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

Days of Inventory on Hand (DOH) is a financial ratio that measures how long a company takes to turn its inventory into sales. A lower DOH value indicates faster inventory turnover, which is generally considered more favorable as it suggests efficient management of inventory levels.

Based on the provided data for Altair Engineering Inc, the DOH has fluctuated over the periods reported:

- As of March 31, 2020, Altair Engineering Inc had a DOH of 4.90 days, indicating a relatively quick turnover of inventory.
- By June 30, 2020, the DOH increased to 7.97 days, suggesting a slower inventory turnover compared to the previous period.
- Subsequently, as of September 30, 2020, the DOH remained high at 7.85 days.
- The data for the remaining periods is missing, indicating that the DOH values are not available for analysis beyond September 2020.

Overall, the trend observed in the available data suggests a slight increase in the days of inventory on hand, which may indicate potential challenges in managing inventory efficiently. It is important for Altair Engineering Inc to monitor its inventory turnover closely to ensure optimal use of resources and minimize holding costs associated with excess inventory. Further analysis of the missing data points would provide a more comprehensive understanding of the company's inventory management efficiency over time.