Altair Engineering Inc (ALTR)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 14,175 | -8,926 | -43,429 | -8,794 | -10,500 |
| Total assets | US$ in thousands | 1,445,650 | 1,363,490 | 1,204,740 | 1,163,280 | 829,902 |
| ROA | 0.98% | -0.65% | -3.60% | -0.76% | -1.27% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $14,175K ÷ $1,445,650K
= 0.98%
Altair Engineering Inc's return on assets (ROA) has shown fluctuations over the past five years. In December 2020, the company's ROA was -1.27%, indicating that for every dollar of assets, the company generated a loss of 1.27 cents. This improved slightly in December 2021 to -0.76%. However, in December 2022, Altair's ROA worsened significantly, dropping to -3.60%, reflecting a decline in asset efficiency and profitability.
The company managed to partially recover in December 2023, with an ROA of -0.65%, but remained in negative territory. The most notable improvement occurred in December 2024 when Altair's ROA turned positive at 0.98%, signaling a more efficient use of assets and an increase in profitability. Overall, Altair Engineering Inc's ROA performance has been volatile, with recent indications pointing towards a positive turnaround in asset utilization and profitability.
Peer comparison
Dec 31, 2024