Altair Engineering Inc (ALTR)

Return on assets (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
Net income (ttm)	US$ in thousands	14,175	32,854	26,713	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
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
ROA		0.98%	2.38%	2.00%	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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $14,175K ÷ $1,445,650K
= 0.98%

Altair Engineering Inc's return on assets (ROA) has fluctuated over the past years. From March 31, 2020, to September 30, 2022, the ROA remained negative, indicating that the company was not generating sufficient profits relative to its assets during that period. However, starting from March 31, 2024, the ROA turned positive, suggesting an improvement in the company's ability to generate profit from its assets.

The increase in ROA from March 31, 2024, to September 30, 2024, demonstrates a positive trend in the company's profitability and efficiency in utilizing its assets. However, the slight decrease in ROA from September 30, 2024, to December 31, 2024, indicates a slight dip in the company's profitability during that quarter.

Overall, Altair Engineering Inc's ROA has shown improvement in recent periods, potentially reflecting better management of assets and increased profitability. Continued monitoring of this ratio will be essential to assess the company's financial performance and efficiency in utilizing its assets effectively.