Altair Operating Income vs Income Before Tax 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 Operating Income and its Income Before Tax 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.
Operating Income vs Income Before Tax
Operating Income vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altair Engineering Operating Income account and Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Altair Engineering's Operating Income and Income Before Tax is 0.91. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Before Tax 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 Operating Income and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Altair Engineering are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Operating Income i.e., Altair Engineering's Operating Income and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Operating Income
Operating Income is the amount of profit realized from Altair Engineering operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Altair Engineering is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Altair Engineering income statement and is an important metric when analyzing Altair Engineering profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.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
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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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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.