Altair Engineering Inc (ALTR)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 17,685 | 243 | -23,836 | 12,339 | 11,713 |
| Total assets | US$ in thousands | 1,445,650 | 1,363,490 | 1,204,740 | 1,163,280 | 829,902 |
| Operating ROA | 1.22% | 0.02% | -1.98% | 1.06% | 1.41% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $17,685K ÷ $1,445,650K
= 1.22%
Altair Engineering Inc's operating return on assets (operating ROA) has exhibited fluctuations over the past five years.
As of December 31, 2020, Altair Engineering Inc had an operating ROA of 1.41%, indicating that the company generated $0.0141 in operating income for every dollar of assets.
By December 31, 2021, the operating ROA decreased to 1.06%, suggesting a slight decline in the company's operating efficiency and profitability.
A significant decline was observed by December 31, 2022, with the operating ROA dropping to -1.98%, which implies that Altair Engineering Inc incurred operating losses relative to its asset base during that period.
However, the company managed to improve its operating ROA marginally by December 31, 2023, reaching 0.02%, signaling a slight recovery in operating performance.
By December 31, 2024, Altair Engineering Inc's operating ROA rebounded to 1.22%, indicating an improvement in efficiency and profitability compared to the previous year.
Overall, Altair Engineering Inc has experienced fluctuations in its operating return on assets over the years, highlighting the need for continued monitoring and strategic management of its operational performance to enhance profitability and efficiency.
Peer comparison
Dec 31, 2024