Altair Engineering (NASDAQ:ALTR) Hasn't Managed To Accelerate Its Returns [Yahoo! Finance]
Altair Engineering Inc. - Class A (ALTR)
Last altair engineering inc. - class a earnings: 2/27 04:05 pm
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US:NASDAQ Investor Relations:
investor.altair.com/overview
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Source: Yahoo! Finance
Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. However, after investigating Altair Engineering NASDAQ:ALTR ), we don't think it's current trends fit the mold of a multi-bagger. What Is Return On Capital Employed (ROCE)? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for Altair Engineering, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.018 = US$20m ÷ (US$1.3b - US$217m) (Based on the trailing twelve months to June 2024) So, Altair Engineering has an ROCE of 1.8%. In absolute terms, that's a low return and it also under-performs the Software indus
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ALTR
News
- Altair Joins Aston Martin and Sarginsons in £5.8 Million Performance Integrated Vehicle Optimization Technology (PIVOT) Project to Revolutionize Sustainable Vehicle ManufacturingPR Newswire
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- Altair Joins Aston Martin and Sarginsons in £5.8 Million Performance Integrated Vehicle Optimization Technology (PIVOT) Project to Revolutionize Sustainable Vehicle ManufacturingPR Newswire
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ALTR
Earnings
- 8/1/24 - Beat
ALTR
Sec Filings
- 9/4/24 - Form 4
- 9/3/24 - Form 144
- 8/29/24 - Form 4
- ALTR's page on the SEC website