Altair Engineering Inc (ALTR)

Receivables 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
Revenue (ttm)	US$ in thousands	612,557	608,222	600,592	585,021	571,392	563,439	536,037	540,111	530,033	519,011	510,152	496,321	475,198	458,323	456,770	449,723	461,129	459,602	446,656	443,361
Receivables	US$ in thousands	146,768	207,111	134,257	138,765	141,862	181,538	130,386	114,895	124,629	146,949	97,630	99,519	113,097	124,614	95,605	84,945	93,549	112,248	95,613	94,273
Receivables turnover		4.17	2.94	4.47	4.22	4.03	3.10	4.11	4.70	4.25	3.53	5.23	4.99	4.20	3.68	4.78	5.29	4.93	4.09	4.67	4.70

March 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $612,557K ÷ $146,768K
= 4.17

Altair Engineering Inc's receivables turnover ratio has fluctuated over the past several quarters, indicating variations in the efficiency of the company in collecting its accounts receivables.

In the most recent quarter, as of March 31, 2024, the receivables turnover ratio was 4.17. This implies that Altair Engineering collected its outstanding receivables approximately 4.17 times during the quarter. Compared to the previous quarter, this represents an improvement from the ratio of 2.94 as of December 31, 2023.

Looking at the trend over the past several quarters, the company's receivables turnover ratio has shown some volatility. While there were periods of fluctuation, the general trend seems to be showing a positive movement towards more efficiency in collecting receivables, with some quarters exhibiting higher turnover ratios compared to others.

Analyzing the data, Altair Engineering's ability to efficiently convert its accounts receivables into cash has shown improvement, with the ratio generally remaining above 4 in recent quarters. However, it would be important to continue monitoring this ratio to ensure a consistent and effective collection of receivables, which is crucial for maintaining healthy cash flow and liquidity position.