Altair Engineering Inc (ALTR)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	9,580	-8,926	-16,536	-45,422	-56,916	-43,429	-56,891	-31,752	-11,626	-8,794	-5,199	-5,595	-2,170	-10,500	-14,200	-21,634	-14,531	-7,542	-15,043	1,830
Total assets	US$ in thousands	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	743,145	716,700	729,720
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%

March 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $9,580K ÷ $1,379,910K
= 0.69%

Altair Engineering Inc's return on assets (ROA) has been fluctuating over the past several quarters, ranging from a low of -4.64% in March 2023 to a high of 0.69% in March 2024. The negative ROA values from March 2023 to December 2023 indicate that the company's net income generated from its assets was insufficient to cover the cost of those assets during those periods.

It is worth noting that the ROA improved significantly in the most recent quarter, reaching 0.69% in March 2024, which suggests a potential turnaround in the company's asset utilization or profitability. However, the company's historical average ROA appears to be negative, indicating ongoing challenges in efficiently generating profits from its asset base.

Overall, Altair Engineering Inc's ROA performance signals varying levels of effectiveness in utilizing its assets to generate profits over the analyzed period. Investors and stakeholders may want to further investigate the factors contributing to these fluctuations in ROA and assess the company's operational efficiency and profitability prospects.