Altair Engineering Inc (ALTR)

Operating return on assets (Operating ROA)

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
Operating income (ttm) US$ in thousands 16,899 28,524 21,572 15,992 243 -8,548 -22,280 -12,824 2,701 -6,451 16,619 14,841 12,339 15,015 13,518 17,817 11,713 8,539 1,455 2,545
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
Operating ROA 1.17% 2.07% 1.61% 1.16% 0.02% -0.68% -1.77% -1.05% 0.22% -0.57% 1.47% 1.31% 1.06% 1.48% 1.65% 2.18% 1.41% 1.10% 0.20% 0.35%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $16,899K ÷ $1,445,650K
= 1.17%

Altair Engineering Inc's operating return on assets (operating ROA) has shown varying performance over the analyzed periods. The operating ROA started at a modest 0.35% on March 31, 2020, but saw fluctuations in the following quarters before reaching a peak of 2.18% on March 31, 2021.

Subsequently, Altair's operating ROA experienced some fluctuations, hovering around the 1-1.5% range for the next few periods. However, there was a significant decline in performance during the second half of 2022 and throughout 2023, with negative operating ROA values ranging from -1.77% to -0.57%.

The company managed to recover in the following periods, with the operating ROA reaching 2.07% on September 30, 2024. By the end of December 31, 2024, the operating ROA stood at a respectable 1.17%.

Overall, Altair Engineering Inc's operating ROA reflects the company's ability to generate operating income relative to its total assets. The fluctuations observed indicate changes in efficiency and profitability, with periods of both positive and negative performance.