Altair Engineering Inc (ALTR)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 665,788 | 644,660 | 627,213 | 619,579 | 612,701 | 601,631 | 586,979 | 578,474 | 572,221 | 552,585 | 554,541 | 541,797 | 532,179 | 524,823 | 509,972 | 488,621 | 469,921 | 460,357 | 454,307 | 462,519 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 69,391 | 38,260 | 37,517 | 71,565 | 39,370 | 40,188 | 68,972 | 38,711 | 73,005 | 39,143 | 36,332 | 34,401 | 67,054 | 60,770 |
| Fixed asset turnover | — | — | — | — | — | — | 8.46 | 15.12 | 15.25 | 7.72 | 14.09 | 13.48 | 7.72 | 13.56 | 6.99 | 12.48 | 12.93 | 13.38 | 6.78 | 7.61 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $665,788K ÷ $—K
= —
Altair Engineering Inc's fixed asset turnover ratio, which measures how efficiently the company generates revenue from its investment in fixed assets, has exhibited fluctuating trends over the reported periods. The ratio stood at 7.61 in March 2020 and decreased to 6.78 by June 2020. Subsequently, there was a significant increase in September 2020, reaching 13.38, indicating a more efficient utilization of fixed assets to generate revenue.
In the following quarters, the ratio remained relatively high, with values of 12.93 in December 2020, 12.48 in March 2021, and 6.99 in June 2021. Altair Engineering Inc experienced another peak in September 2021 with a fixed asset turnover ratio of 13.56. However, the ratio decreased to 7.72 in December 2021.
The company's fixed asset turnover ratio then increased to 13.48 in March 2022 and further to 14.09 in June 2022, reflecting improved efficiency in utilizing fixed assets. Subsequently, the ratio decreased again to 7.72 in September 2022 but experienced a notable increase to 15.25 in December 2022.
In the most recent reported periods, Altair Engineering Inc's fixed asset turnover ratio remained relatively high at 15.12 in March 2023, decreased to 8.46 in June 2023, and then was reported as not available for the subsequent periods.
Overall, the analysis indicates that Altair Engineering Inc has demonstrated varying levels of efficiency in generating revenue from its fixed assets over the reported periods, with some quarters showing significant improvements in asset utilization. Further monitoring of the company's fixed asset turnover ratio will provide insights into its ongoing operational efficiency and management of fixed assets.
Peer comparison
Dec 31, 2024