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.
Peer comparison
Mar 31, 2024