Altair Engineering (STU:8A2) Receivables Turnover : 1.20 (As of Sep. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Altair Engineering Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Altair Engineering's Revenue for the three months ended in Sep. 2024 was €136.5 Mil. Altair Engineering's average Accounts Receivable for the three months ended in Sep. 2024 was €113.5 Mil. Hence, Altair Engineering's Receivables Turnover for the three months ended in Sep. 2024 was 1.20.

Altair Engineering Receivables Turnover Historical Data

The historical data trend for Altair Engineering's Receivables Turnover 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.

* Premium members only.

Altair Engineering Receivables Turnover Chart

Altair Engineering Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

4.80

4.25

4.49

3.96

3.46

Altair Engineering Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.10	1.11	1.11	1.18	1.20

Competitive Comparison of Altair Engineering's Receivables Turnover

For the Software - Infrastructure subindustry, Altair Engineering's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Altair Engineering's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Altair Engineering's Receivables Turnover falls into.

Altair Engineering Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Altair Engineering's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	561.847	/ (	(154.806	+	169.897)	/	2 )
=	561.847	/	162.3515
=	3.46

Altair Engineering's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	136.456	/ (	(117.574	+	109.332)	/	2 )
=	136.456	/	113.453
=	1.20

Altair Engineering (STU:8A2) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Altair Engineering Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Altair Engineering's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Altair Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Altair Engineering Inc (STU:8A2) » Definitions » Receivables Turnover

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:USA ALTR:Mexico

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.

Altair Engineering Headlines

No Headlines