Altair Engineering Inc (ALTR)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 399,716 | 403,506 | 377,766 | 336,787 | 132,599 |
| Inventory | US$ in thousands | — | — | — | 0 | 2,400 |
| Inventory turnover | — | — | — | — | 55.25 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $399,716K ÷ $—K
= —
Altair Engineering Inc's inventory turnover for the years 2020, 2021, and 2022 is not provided in the table. However, based on the available information for 2019, the inventory turnover was 55.25 times. This indicates that, on average, Altair Engineering Inc sold and replaced its inventory 55.25 times during the year.
A higher inventory turnover ratio generally indicates that a company is selling its inventory quickly and efficiently. In the absence of inventory turnover figures for the subsequent years, it is difficult to make a direct comparison or draw definitive conclusions about the trend in Altair Engineering Inc's inventory management efficiency.
It would be beneficial to obtain additional data for the missing years to assess the consistency and trends in Altair Engineering Inc's inventory turnover performance over the years and to make informed evaluations regarding the company's inventory management strategies.
Peer comparison
Dec 31, 2023