Altair Engineering Inc (ALTR)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 124,803 | 121,791 | 122,889 | 129,666 | 121,305 |
| Inventory | US$ in thousands | — | -21,753 | — | — | 0 |
| Inventory turnover | — | — | — | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $124,803K ÷ $—K
= —
Based on the provided data, Altair Engineering Inc's inventory turnover ratios for the years 2020 to 2024 are not available ("—").
Inventory turnover is a key financial ratio that measures how efficiently a company is managing its inventory by indicating how many times during a certain period the inventory is sold and replaced. A higher inventory turnover ratio generally indicates better inventory management and liquidity, while a lower ratio may suggest overstocking or slow-moving inventory.
Without the specific values for Altair Engineering Inc's inventory turnover, it is challenging to assess the company's inventory management effectiveness and operational efficiency over the given years. However, it is essential for the company to monitor and optimize its inventory turnover to ensure optimal inventory levels, minimize holding costs, and enhance cash flow management. A review of trends or comparison with industry benchmarks in the future may provide further insights into Altair Engineering Inc's inventory turnover performance.
Peer comparison
Dec 31, 2024