Altair Engineering Inc (ALTR)

Number of days of payables

		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
Payables turnover		61.06	44.44	79.70	87.89	67.96	38.67	63.16	77.38	62.17	56.82	75.52	55.60	51.81	39.19	61.84	70.47	60.82	33.34	28.84	28.36
Number of days of payables	days	5.98	8.21	4.58	4.15	5.37	9.44	5.78	4.72	5.87	6.42	4.83	6.56	7.05	9.31	5.90	5.18	6.00	10.95	12.66	12.87

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 61.06
= 5.98

Altair Engineering Inc's number of days of payables has fluctuated over the past several quarters. The company's ability to pay its suppliers within a certain period can indicate its efficiency in managing working capital.

From Dec 31, 2019, to Mar 31, 2024, Altair Engineering Inc's number of days of payables ranged from a low of 4.15 days to a high of 12.87 days. The trend shows some variability, with occasional increases and decreases in the number of days it takes the company to pay its suppliers.

Generally, a lower number of days of payables indicates that the company is paying its suppliers more quickly, which can potentially strain its cash flow. On the other hand, a higher number of days of payables may suggest that the company is taking longer to pay its bills, potentially signaling liquidity or cash flow management issues.

In analyzing Altair Engineering Inc's number of days of payables, it is important to consider industry norms and compare the company's performance to its peers to gain a better understanding of its working capital efficiency. Additionally, trends over multiple quarters can provide insights into the company's payment practices and financial health.