Altair Engineering Inc (ALTR)

Inventory turnover

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019
Cost of revenue (ttm) US$ in thousands 398,264 399,716 411,186 411,514 408,719 403,498 393,786 383,979 376,836 377,674 370,033 362,236 345,600 336,787 334,739 336,869 342,137 286,240 238,978 183,255
Inventory US$ in thousands 0 — 0 0 0 — 0 0 — — — — — — 2,700 2,800 1,800 2,400 3,400 2,800
Inventory turnover — — — — — — — — — — — — — — 123.98 120.31 190.08 119.27 70.29 65.45

March 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $398,264K ÷ $0K
= —

Altair Engineering Inc's inventory turnover has shown a fluctuating trend over the past few quarters. From December 31, 2019, to March 31, 2020, there was a significant increase in inventory turnover from 65.45 to 119.27, which indicates that the company was selling its inventory more efficiently during that period. This improvement continued into June 30, 2020, with a further increase in inventory turnover to 190.08.

However, the inventory turnover decreased slightly in the subsequent quarters, reaching 123.98 by September 30, 2020. This indicates a slight decline in the efficiency of inventory management compared to the earlier quarters. The trend continued as of December 31, 2020, when the inventory turnover was 70.29, suggesting a decrease in the rate at which inventory was being sold.

Overall, Altair Engineering Inc's inventory turnover has demonstrated variability in recent quarters, with both increases and decreases in efficiency in managing and selling its inventory. It is important for the company to closely monitor this ratio to ensure optimal utilization of its inventory and maximize profitability.