Altair Return on Invested Capital Trend from 2010 to 2022

ALTR
 Stock
  

USD 57.17  0.76  1.35%   

Altair Engineering Return on Invested Capital yearly trend continues to be relatively stable with very little volatility. Return on Invested Capital is likely to grow to 0.14 this year. During the period from 2010 to 2022, Altair Engineering Return on Invested Capital destribution of quarterly values had range of  1.41 from its regression line and mean deviation of  0.31. Altair Engineering Cost of Revenue is relatively stable at the moment as compared to the past year. Altair Engineering reported last year Cost of Revenue of 129.67 Million. As of 08/15/2022, Interest Expense is likely to grow to about 13 M, while Consolidated Income is likely to drop (9.5 M).
  
Check Altair Engineering financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Altair main balance sheet or income statement drivers, such as Direct Expenses of 116.8 M, Cost of Revenue of 135.1 M or Earning Before Interest and Taxes EBIT of 11 M, as well as many exotic indicators such as Interest Coverage of 1.05, Long Term Debt to Equity of 0.35 or Calculated Tax Rate of 599. Altair financial statements analysis is a perfect complement when working with Altair Engineering Valuation or Volatility modules. It can also supplement Altair Engineering's financial leverage analysis and stock options assessment as well as various Altair Engineering Technical models . Please continue to the analysis of Altair Engineering Correlation against competitors.

Altair Return on Invested Capital Breakdown

Showing smoothed Return on Invested Capital of Altair Engineering with missing and latest data points interpolated. Return on Invested Capital is ratio estimated by dividing Earning Before Interest and Taxes EBIT by [InvCapAvg]. [InvCap] is calculated as: Total Debt plus Total Assets minus Goodwill and Intangible Assets minus Cash and Equivalents minus Current Liabilities. Please note this calculation method is subject to change.Altair Engineering's Return on Invested Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Altair Engineering's overall financial position and show how it may be relating to other accounts over time.
Return on Invested Capital10 Years Trend
Decreasing
Stable
   Return on Invested Capital   
Share
       Timeline  

Altair Return on Invested Capital Regression Statistics

Arithmetic Mean(0.06)
Geometric Mean 0.17
Coefficient Of Variation(800.97)
Mean Deviation 0.31
Median 0.15
Standard Deviation 0.46
Sample Variance 0.21
Range 1.41
R-Value(0.22)
Mean Square Error 0.22
R-Squared 0.047552
Significance 0.47
Slope(0.025731)
Total Sum of Squares 2.53

Altair Return on Invested Capital History

2017 -0.88
2018 -1.27
2019 0.043
2020 0.048
2021 0.13
2022 0.14

About Altair Engineering Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Altair Engineering income statement, its balance sheet, and the statement of cash flows. Altair Engineering investors use historical funamental indicators, such as Altair Engineering's Return on Invested Capital, to determine how well the company is positioned to perform in the future. Although Altair Engineering investors may use each financial statement separately, they are all related. The changes in Altair Engineering's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Altair Engineering's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Altair Engineering Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Altair Engineering. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Return on Invested Capital 0.13  0.14 
Invested Capital35.5 M36.4 M
Invested Capital Average89 M116.4 M
Market Capitalization6.1 B5.1 B
Working Capital114.2 M90.3 M
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence worldwide. Altair Engineering Inc. was incorporated in 1985 and is headquartered in Troy, Michigan. Altair Engineering operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 3050 people.

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Please continue to the analysis of Altair Engineering Correlation against competitors. Note that the Altair Engineering information on this page should be used as a complementary analysis to other Altair Engineering's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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Is Altair Engineering's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Altair Engineering. If investors know Altair will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Altair Engineering listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.28
Market Capitalization
4.5 B
Quarterly Revenue Growth YOY
0.11
Return On Assets
0.0136
Return On Equity
-0.0663
The market value of Altair Engineering is measured differently than its book value, which is the value of Altair that is recorded on the company's balance sheet. Investors also form their own opinion of Altair Engineering's value that differs from its market value or its book value, called intrinsic value, which is Altair Engineering's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Altair Engineering's market value can be influenced by many factors that don't directly affect Altair Engineering's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Altair Engineering's value and its price as these two are different measures arrived at by different means. Investors typically determine Altair Engineering value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altair Engineering's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.