Altair Engineering Inc (ALTR)

Payables 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
Payables US$ in thousands — — — — —
Payables turnover — — — — —

December 31, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $124,803K ÷ $—K
= —

Altair Engineering Inc's payables turnover ratio for the years from December 31, 2020, to December 31, 2024, is not provided. This ratio reflects how efficiently the company is managing its accounts payable. Without specific data points, it is difficult to assess the company's ability to pay off its suppliers in a timely manner. Monitoring the payables turnover ratio can give insights into the company's liquidity and supplier relationships. It would be beneficial to have the actual figures to evaluate Altair Engineering Inc's performance in this area over the specified time period.