Altair Engineering Inc (ALTR)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Revenue (ttm)	US$ in thousands	665,788	644,660	627,213	619,579	612,701	601,631	586,979	578,474	572,221	552,585	554,541	541,797	532,179	524,823	509,972	488,621	469,921	460,357	454,307	462,519
Total assets	US$ in thousands	1,445,650	1,377,870	1,335,960	1,379,910	1,363,490	1,251,990	1,255,810	1,226,170	1,204,740	1,124,930	1,128,510	1,133,690	1,163,280	1,014,480	820,216	817,913	829,902	779,703	736,846	734,654
Total asset turnover		0.46	0.47	0.47	0.45	0.45	0.48	0.47	0.47	0.47	0.49	0.49	0.48	0.46	0.52	0.62	0.60	0.57	0.59	0.62	0.63

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $665,788K ÷ $1,445,650K
= 0.46

Altair Engineering Inc's total asset turnover has been fluctuating over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.63 in March 2020, indicating that the company generated $0.63 in sales for every dollar of assets.

The total asset turnover then decreased to 0.45 by December 31, 2024. This declining trend may suggest that Altair Engineering Inc is becoming less efficient in utilizing its assets to generate sales revenue.

Overall, a decreasing total asset turnover ratio can signify potential inefficiencies in asset utilization or declining sales relative to the asset base. Further investigation into the company's operational and financial performance would be necessary to understand the factors contributing to this trend and to identify potential areas for improvement.