Altair Engineering Inc (ALTR)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 81.56% | 80.71% | 79.12% | 78.92% | 79.53% | 79.75% | 80.36% | 79.45% | 78.10% | 77.55% | 77.48% | 77.14% | 77.52% | 76.06% | 73.30% | 72.50% | 71.20% | 71.00% | 69.88% | 68.34% |
| Operating profit margin | 2.61% | 0.04% | -2.95% | -5.38% | -3.93% | -1.23% | -1.29% | 2.99% | 2.80% | 2.38% | 2.94% | 2.72% | 3.75% | 2.56% | 1.87% | 0.32% | 0.55% | 1.79% | 0.11% | 2.91% |
| Pretax margin | 4.68% | 2.07% | -0.83% | -3.88% | -6.83% | -5.01% | -7.05% | -2.63% | 0.64% | -0.06% | 0.28% | 0.19% | 1.21% | 0.44% | -0.03% | -1.60% | -0.66% | 0.74% | -0.44% | 3.05% |
| Net profit margin | 1.56% | -1.47% | -2.75% | -7.76% | -9.96% | -7.71% | -10.61% | -5.88% | -2.19% | -1.69% | -1.02% | -1.13% | -0.46% | -2.29% | -3.11% | -4.81% | -3.15% | -1.64% | -3.37% | 0.41% |
Altair Engineering Inc's profitability ratios have fluctuated over the past several quarters. The gross profit margin has shown steady improvement, ranging from 68.34% in December 2019 to 81.56% in March 2024, indicating effective cost management and efficient production processes.
However, the operating profit margin has been more volatile, with significant fluctuations between positive and negative values. It improved from -5.38% in June 2023 to 2.61% in March 2024, suggesting possible cost-cutting measures or improved revenue generation strategies.
The pretax margin also shows variability, with negative values recorded in some quarters. It has shown improvement over time, from -7.05% in September 2022 to 4.68% in March 2024, indicating better management of operating expenses and potentially higher revenue compared to costs.
The net profit margin has also been inconsistent, with negative values observed in several quarters. It improved from -7.76% in June 2023 to 1.56% in March 2024, suggesting that Altair Engineering Inc has been working towards enhancing its bottom line profitability through various initiatives.
In conclusion, while Altair Engineering Inc has shown improvement in its profitability ratios over the analyzed period, the company should continue monitoring and adjusting its operations to maintain and enhance its profitability in the future.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 1.16% | 0.02% | -1.42% | -2.51% | -1.83% | -0.58% | -0.61% | 1.43% | 1.31% | 1.06% | 1.48% | 1.65% | 2.18% | 1.41% | 1.10% | 0.20% | 0.35% | 1.10% | 0.07% | 1.77% |
| Return on assets (ROA) | 0.69% | -0.65% | -1.32% | -3.62% | -4.64% | -3.60% | -5.06% | -2.81% | -1.03% | -0.76% | -0.51% | -0.68% | -0.27% | -1.27% | -1.82% | -2.94% | -1.98% | -1.01% | -2.10% | 0.25% |
| Return on total capital | 3.52% | 2.00% | 0.13% | -1.96% | -4.05% | -2.72% | -3.79% | -0.79% | 2.11% | 1.92% | 2.23% | 3.21% | 4.39% | 2.40% | 3.13% | 1.12% | 1.65% | 2.75% | 0.51% | 4.03% |
| Return on equity (ROE) | 1.26% | -1.25% | -2.61% | -7.32% | -9.38% | -7.62% | -10.62% | -5.69% | -1.88% | -1.43% | -0.86% | -1.40% | -0.54% | -2.77% | -3.95% | -6.09% | -4.08% | -2.13% | -4.38% | 0.51% |
Altair Engineering Inc's profitability ratios exhibit fluctuations over the recent quarters.
- Operating return on assets (Operating ROA) has varied with a low point of -2.51% in June 2023 and a peak of 2.18% in March 2021. The ratio appears to have stabilized around 1% in the most recent periods.
- Return on assets (ROA) has been negative for most quarters, indicating challenges in generating profits from the company's assets. The ratio hit its lowest point at -4.64% in March 2023 but improved slightly to 0.69% in March 2024.
- Return on total capital shows significant volatility, with a substantial decrease to -4.05% in March 2023 and a subsequent increase to 4.39% in March 2021. More recently, the ratio has hovered around 2%-3%.
- Return on equity (ROE) has also experienced fluctuations, with negative values in several quarters. The ratio ranged from a low of -9.38% in March 2023 to a high of 1.26% in March 2024. The latest ROE figure indicates a return to positive territory at 1.26%.
Overall, Altair Engineering Inc's profitability ratios reflect a mixed performance, with challenges in generating returns from assets and equity, but some improvements in recent periods. It is essential for the company to sustain positive trends and focus on enhancing profitability going forward.