Altair Cost Of Revenue vs Net Income Analysis
ALTR Stock | USD 90.34 0.74 0.81% |
Altair Engineering financial indicator trend analysis is way more than just evaluating Altair Engineering prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altair Engineering is a good investment. Please check the relationship between Altair Engineering Cost Of Revenue and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altair Engineering. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide.
Cost Of Revenue vs Net Income
Cost Of Revenue vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altair Engineering Cost Of Revenue account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Altair Engineering's Cost Of Revenue and Net Income is -0.27. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Net Income in the same time period over historical financial statements of Altair Engineering, assuming nothing else is changed. The correlation between historical values of Altair Engineering's Cost Of Revenue and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Altair Engineering are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Cost Of Revenue i.e., Altair Engineering's Cost Of Revenue and Net Income go up and down completely randomly.
Correlation Coefficient | -0.27 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cost Of Revenue
Cost of Revenue is found on Altair Engineering income statement and represents the costs associated with goods and services Altair Engineering provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Altair Engineering financial statement analysis. It represents the amount of money remaining after all of Altair Engineering operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Altair Engineering's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altair Engineering current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altair Engineering. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide.At this time, Altair Engineering's Selling General Administrative is relatively stable compared to the past year. As of 05/17/2024, Sales General And Administrative To Revenue is likely to grow to 0.20, while Issuance Of Capital Stock is likely to drop 0.00.
2022 | 2023 | 2024 (projected) | Interest Income | 4.1M | 16.9M | 17.7M | Tax Provision | 15.2M | 21.5M | 18.3M |
Altair Engineering fundamental ratios Correlations
Click cells to compare fundamentals
Altair Engineering Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Altair Engineering fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 743.1M | 829.9M | 1.2B | 1.2B | 1.4B | 800.3M | |
Short Long Term Debt Total | 208.0M | 253.7M | 229.2M | 340.1M | 338.8M | 191.9M | |
Other Current Liab | 59.3M | 64.6M | 164.5M | 98.8M | 88.4M | 82.4M | |
Total Current Liabilities | 152.9M | 200.8M | 474.0M | 232.7M | 324.1M | 246.7M | |
Total Stockholder Equity | 357.1M | 379.4M | 614.0M | 569.7M | 711.3M | 746.9M | |
Other Liab | 37.2M | 37.6M | 56.6M | 72.6M | 83.5M | 50.1M | |
Net Tangible Assets | 53.9M | 38.8M | 144.0M | 13.1M | 15.0M | 10.1M | |
Property Plant And Equipment Net | 64.4M | 69.9M | 69.0M | 71.1M | 70.6M | 56.4M | |
Current Deferred Revenue | 75.4M | 86.8M | 93.2M | 113.1M | 136.4M | 108.9M | |
Net Debt | (15.1M) | 12.5M | (184.6M) | 23.9M | (128.6M) | (122.2M) | |
Retained Earnings | (82.4M) | (93.3M) | (102.1M) | (121.6M) | (130.5M) | (137.0M) | |
Accounts Payable | 8.6M | 8.6M | 6.6M | 10.4M | 9.0M | 8.3M | |
Cash | 223.1M | 241.2M | 413.7M | 316.1M | 467.5M | 490.8M | |
Non Current Assets Total | 390.7M | 443.0M | 575.1M | 677.9M | 662.9M | 427.1M | |
Non Currrent Assets Other | 9.7M | 15.1M | 19.6M | 32.7M | 34.2M | 19.0M | |
Other Assets | 25.5M | 66.0M | 36.8M | 50.1M | 45.1M | 35.7M | |
Long Term Debt | 31.4M | 178.2M | 188.7M | 305.6M | 225.9M | 147.7M | |
Cash And Short Term Investments | 223.1M | 241.2M | 413.7M | 316.1M | 467.5M | 490.8M | |
Net Receivables | 112.2M | 124.6M | 146.9M | 181.5M | 207.1M | 136.7M | |
Good Will | 233.7M | 264.5M | 370.2M | 449.0M | 458.1M | 258.5M | |
Common Stock Shares Outstanding | 71.5M | 73.2M | 76.2M | 79.5M | 80.6M | 74.4M | |
Long Term Debt Total | 31.4M | 178.2M | 188.7M | 305.6M | 351.4M | 369.0M | |
Liabilities And Stockholders Equity | 743.1M | 829.9M | 1.2B | 1.2B | 1.4B | 800.3M | |
Non Current Liabilities Total | 233.2M | 249.8M | 75.3M | 402.3M | 328.1M | 198.3M | |
Capital Surpluse | 446.6M | 474.7M | 724.2M | 721.3M | 829.5M | 420.8M | |
Inventory | 2.0M | 2.0M | 2.4M | 1.0 | 0.9 | 0.86 | |
Other Current Assets | 17.1M | 21.1M | 27.5M | 29.1M | 26.1M | 19.7M | |
Other Stockholder Equity | 444.3M | 473.9M | 723.4M | 721.3M | 864.1M | 479.2M | |
Total Liab | 386.1M | 450.5M | 549.3M | 635.0M | 652.2M | 445.1M | |
Property Plant And Equipment Gross | 64.4M | 69.9M | 69.0M | 71.1M | 125.1M | 63.1M | |
Short Long Term Debt | 430K | 30.4M | 199.7M | 81.5M | 93.7M | 98.4M | |
Total Current Assets | 352.5M | 386.9M | 588.2M | 526.8M | 700.6M | 373.3M | |
Accumulated Other Comprehensive Income | (9.5M) | (2.8M) | (9.0M) | (30.0M) | (22.3M) | (21.2M) | |
Short Term Debt | 9.6M | 40.7M | 209.6M | 10.4M | 90.3M | 47.1M | |
Intangible Assets | 67.1M | 76.1M | 99.1M | 107.6M | 83.6M | 67.0M | |
Property Plant Equipment | 64.4M | 36.3M | 69.0M | 37.5M | 43.1M | 44.5M | |
Non Current Liabilities Other | 10.0M | 61.1M | 42.9M | 41.2M | 2.2M | 2.1M | |
Retained Earnings Total Equity | (82.4M) | (93.3M) | (102.1M) | (121.6M) | (109.4M) | (114.9M) |
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Try AI Portfolio ArchitectCheck out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altair Engineering. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Altair Stock, please use our How to Invest in Altair Engineering guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market 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 0.633 | Earnings Share 0.11 | Revenue Per Share 7.631 | Quarterly Revenue Growth 0.041 | Return On Assets 0.0071 |
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 if Altair Engineering is a good investment 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.