Altair Engineering (Altair Engineering) Days Sales Outstanding : 81.71 (As of Dec. 2023)

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What is Altair Engineering Days Sales Outstanding?

Altair Engineering's average Accounts Receivable for the three months ended in Dec. 2023 was $153.6 Mil. Altair Engineering's Revenue for the three months ended in Dec. 2023 was $171.5 Mil. Hence, Altair Engineering's Days Sales Outstanding for the three months ended in Dec. 2023 was 81.71.

The historical rank and industry rank for Altair Engineering's Days Sales Outstanding or its related term are showing as below:

ALTR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 76.96 Med: 82.92 Max: 104.03
Current: 86.5

During the past 9 years, Altair Engineering's highest Days Sales Outstanding was 104.03. The lowest was 76.96. And the median was 82.92.

ALTR's Days Sales Outstanding is ranked worse than
70.07% of 2726 companies
in the Software industry
Industry Median: 62.195 vs ALTR: 86.50

Altair Engineering's Days Sales Outstanding increased from Dec. 2022 (80.74) to Dec. 2023 (81.71).

Altair Engineering Days Sales Outstanding Historical Data

The historical data trend for Altair Engineering's Days Sales Outstanding can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Altair Engineering Days Sales Outstanding Chart

Altair Engineering Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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76.96

82.19

83.98

94.95

104.03

Altair Engineering Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															80.74	80.96	82.39	83.80	81.71

Competitive Comparison of Altair Engineering's Days Sales Outstanding

For the Software - Infrastructure subindustry, Altair Engineering's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Altair Engineering's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, Altair Engineering's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Altair Engineering's Days Sales Outstanding falls into.

Altair Engineering Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Altair Engineering's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (163.989	+	185.275)	/	2 )	/	612.701	*	365
=	174.632					/	612.701	*	365
=	104.03

Altair Engineering's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (121.855	+	185.275)	/	2 )	/	171.503	*	365 / 4
=	153.565					/	171.503	*	365 / 4
=	81.71

Altair Engineering (NAS:ALTR) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Altair Engineering Days Sales Outstanding Related Terms

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Altair Engineering (Altair Engineering) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Altair Engineering Inc (NAS:ALTR) » Definitions » Days Sales Outstanding

Comparable Companies

DLO TENB RELY AFRM S WIX INFA TDC QLYS FIVN MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SPLK

Traded in Other Exchanges

ALTR:Mexico 8A2:Germany 8A2:Germany

Address

1820 East Big Beaver Road, Troy, MI, USA, 48083

Website

https://www.altair.com

Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of the entire product lifecycle from concept design to in-service operation. The integrated suite of software provided by the company optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, system modeling, and embedded systems. It operates through two segments: Software which includes the portfolio of software products such as solvers and optimization technology products, modeling and visualization tools, industrial and concept design tools, and others; and Client Engineering Services which provides client engineering services to support customers. Majority of its revenue comes from the software segment.

Executives

James Ralph Scapa	director, 10 percent owner, officer: Chief Executive Officer	1820 E BIG BEAVER RD, TROY MI 48083
James R. Scapa Declaration Of Trust	10 percent owner	1820 E BIG BEAVER RD, TROY MI 48083
Jrs Investments Llc	10 percent owner	1820 E BIG BEAVER RD, TROY MI 48083
Gc Investments Llc	10 percent owner	1820 E BIG BEAVER RD, TROY MI 48083
George J Christ	10 percent owner	1820 E BIG BEAVER RD, TROY MI 48083
Teresa A Harris	director	1820 E BIG BEAVER RD, TROY MI 48083
Christ Revocable Trust	10 percent owner	1820 E BIG BEAVER RD, TROY MI 48083
Ravi Kunju	officer: Chief Product Strategy Officer	C/O ALTAIR ENGINEERING INC., 1820 E. BIG BEAVER RD., TROY MI 48083
Raoul Maitra	officer: Chief Legal Officer	C/O ALTAIR ENGINEERING INC., 1820 E. BIG BEAVER ROAD, TROY MI 48083
Jeffrey Marraccini	officer: See Remarks	C/O ALTAIR ENGINEERING INC., 1820 E. BIG BEAVER RD., TROY MI 48083
Amy Messano	officer: Chief Marketing Officer	1820 E. BIG BEAVER ROAD, TROY MI 48083
Mahalingam Srikanth	officer: See Remarks	1820 E BIG BEAVER RD, TROY MI 48083
Gilma Saravia	officer: Chief People Officer	C/O ALTAIR ENGINEERING INC., 1820 E. BIG BEAVER ROAD, TROY MI 48083
Nelson Dias	officer: Executive Vice President	1820 E BIG BEAVER RD, TROY MI 48083
Uwe Schramm	officer: See Remarks	1820 E BIG BEAVER RD, TROY MI 48083