Altair Engineering Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the fourth quarter 2024 to a ratio of 4.84, above the company average. This is a clear sign of healthy business climate in the Software & Programming industry and improving liquidity at their respective customers, during the fourth quarter 2024. Average receivable collection period, for the Altair Engineering Inc in Dec 31 2024 quarter, has decreased to 75 days, compared to 80 days, in the Sep 30 2024 quarter.

If we take a look into Technology sector 432 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 2289, from overall ranking in the third quarter 2024 at 2852.

What is Receivable Turnover Ratio?
What is Altair Engineering Inc Selling?

What is Receivable Turnover Ratio?

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ALTR Receivables Turnover Ratio	(Dec 31 2024) IV. Quarter	(Sep 30 2024) III. Quarter	(Jun 30 2024) II. Quarter	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter
Y / Y Receivable Change	-8.9 %	-0.42 %	1.85 %	-2.12 %	11.85 %
Y / Y Revenue Change	12.62 %	13.08 %	5.64 %	3.6 %	6.96 %
Receivable Turnover Ratio (TTM)	4.84	4.54	4.42	4.38	4.32
ALTR's Total Ranking	# 2289	# 2852	# 2034	# 1600	# 2500
Accounts Receivable average collection period days	75	80	83	83	85
Seq. Receivable Change	42.99 %	-4.12 %	-1.02 %	-32.86 %	56.3 %
Seq. Revenue Change	27.61 %	2.13 %	-13.8 %	0.25 %	28.14 %

Receivable Turnover Company Ranking
Within:	No.
Software & Programming Industry	# 132
Technology Sector	# 433
Overall Market	# 2289

Receivable Turnover Ratio Statistics
High	Average	Low
0.96	0.5	-0.88
(Dec 31 2018)		(Jun 30 2018)

ALTR Company Profile • Back to ALTR Efficiency Comparisons • Compare ALTR Receivables Turnover Ratio to its Competitors

Financial Statements
Altair Engineering Inc 's Accounts Receivable	$ 174 Millions	Visit ALTR's Balance sheet
Altair Engineering Inc 's Sales TTM	$ 665 Millions	Visit ALTR's Income Statement
Sources of ALTR's Revenues		Visit ALTR's Sales by Geography

Other Accounts Receivable Turnover Ratios
Software & Programming Industry Accounts Receivable Turnover Trends and Statistics
Technology Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
ALTR's Receivable Turnover Ratio versus Software & Programming Industry, Technology Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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ALTR's Profitability Ratios	ALTR's Roi	ALTR's Asset Turnover Ratio	ALTR's Dividend Growth
ALTR's Valuation Ratios	ALTR's Roe	ALTR's Financial Strength Ratios	ALTR's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2024, within Technology Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2024	Receivable at quarter ending Dec 31 2024
Blacksky Technology Inc	10.53	$ 102.093 Millions	$ 9.696 Millions
Nutanix Inc	10.50	$ 2,318.651 Millions	$ 220.869 Millions
Snail Inc	10.46	$ 84.231 Millions	$ 8.052 Millions
International Business Machines Corporation	10.46	$ 62,753.000 Millions	$ 6,001.000 Millions
Ccc Intelligent Solutions Holdings Inc	10.44	$ 944.800 Millions	$ 90.477 Millions
Inseego Corp	10.37	$ 190.797 Millions	$ 18.405 Millions
Bridgeline Digital Inc	10.36	$ 14.417 Millions	$ 1.392 Millions
Sharplink Inc	10.35	$ 3.662 Millions	$ 0.354 Millions
Socket Mobile Inc	10.31	$ 18.763 Millions	$ 1.820 Millions
Cootek cayman inc	10.28	$ 30.319 Millions	$ 2.950 Millions
Cf Acquisition Corp Vi	10.28	$ 95.488 Millions	$ 9.291 Millions
Everquote Inc	10.21	$ 500.190 Millions	$ 48.977 Millions
J And Friends Holdings Limited	10.20	$ 4.815 Millions	$ 0.472 Millions
The Glimpse Group Inc	10.11	$ 8.326 Millions	$ 0.823 Millions
Koss Corporation	10.07	$ 12.587 Millions	$ 1.251 Millions
Gdev Inc	9.99	$ 420.933 Millions	$ 42.131 Millions
Radnostix Inc	9.95	$ 13.649 Millions	$ 1.371 Millions
Autodesk Inc	9.95	$ 6,131.000 Millions	$ 616.250 Millions
Kyndryl Holdings Inc	9.94	$ 15,107.000 Millions	$ 1,519.750 Millions
Baidu Inc	9.92	$ 18,502.221 Millions	$ 1,866.000 Millions
Shutterstock inc	9.88	$ 935.262 Millions	$ 94.707 Millions
Alarum Technologies Ltd	9.85	$ 31.824 Millions	$ 3.231 Millions
Ambarella Inc	9.83	$ 282.964 Millions	$ 28.798 Millions
Sigmatron International Inc	9.81	$ 311.123 Millions	$ 31.714 Millions
Infobird Co Ltd	9.72	$ 1.438 Millions	$ 0.148 Millions
Birchtech Corp	9.66	$ 17.406 Millions	$ 1.801 Millions
Ultra Clean Holdings Inc	9.64	$ 2,097.300 Millions	$ 217.650 Millions
Optex Systems Holdings Inc	9.63	$ 34.973 Millions	$ 3.632 Millions
Playstudios Inc	9.62	$ 290.285 Millions	$ 30.170 Millions
Mayville Engineering Company inc	9.60	$ 581.604 Millions	$ 60.578 Millions

Date modified: 2026-10-15T05:23:32+00:00

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