Altair Engineering Inc (ALTR)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	762,928	711,331	634,118	620,215	606,905	569,736	535,529	558,172	618,425	613,197	602,262	399,345	399,029	378,586	359,455	354,950	356,145	354,707	343,341	359,841
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%

March 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $9,580K ÷ $762,928K
= 1.26%

Altair Engineering Inc's return on equity (ROE) has been volatile over the past few quarters, ranging from a low of -10.62% in Sep 2022 to a high of 1.26% in Mar 2024. The negative ROE figures indicate that the company's net income is insufficient to cover its shareholders' equity, reflecting potential financial distress or inefficiency in generating profits. The improving trend from negative double digits to a positive figure in the recent quarter suggests a potential recovery in profitability and efficiency. However, further analysis of the company's financial performance and operations is necessary to determine the sustainability of this improvement in ROE.