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.
Peer comparison
Dec 31, 2024