Albany International Corporation (AIN)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 37.61% | 37.93% | 41.43% | 42.71% | 37.73% |
| Operating profit margin | 14.90% | 17.62% | 19.49% | 19.12% | 18.36% |
| Pretax margin | 14.20% | 12.77% | 18.14% | 16.16% | 16.81% |
| Net profit margin | 9.86% | 9.32% | 12.97% | 11.35% | 12.56% |
Albany International Corp.'s profitability ratios have shown some fluctuations over the past five years. The gross profit margin, which indicates the percentage of revenue remaining after deducting the cost of goods sold, has gradually decreased from 40.72% in 2021 to 36.91% in 2023.
The operating profit margin, a measure of a company's operating efficiency, declined from 19.30% in 2021 to 14.65% in 2023. This suggests that Albany International Corp. may be facing challenges in controlling its operating expenses relative to its revenue.
The pretax margin, which reflects the company's profitability before accounting for taxes, decreased from 17.86% in 2021 to 13.98% in 2023, indicating potential pressures on the company's profitability at the operating level.
The net profit margin, a key indicator of overall profitability, also exhibited a downward trend, falling from 12.75% in 2021 to 9.68% in 2023. This suggests that Albany International Corp. may be experiencing challenges in generating profits after accounting for all expenses, including taxes.
Overall, the declining profitability ratios of Albany International Corp. over the years may indicate potential concerns regarding cost management, revenue generation, and overall operational efficiency. Further analysis and monitoring of the company's financial performance are recommended to understand the factors driving these trends and to identify opportunities for improvement.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 9.15% | 11.02% | 11.44% | 10.72% | 13.13% |
| Return on assets (ROA) | 6.06% | 5.83% | 7.61% | 6.36% | 8.98% |
| Return on total capital | 12.74% | 11.45% | 14.95% | 12.91% | 17.54% |
| Return on equity (ROE) | 11.56% | 11.10% | 13.56% | 12.08% | 18.95% |
Albany International Corp.'s profitability ratios show mixed performance over the past five years.
1. Operating return on assets (Operating ROA) has shown a declining trend from 13.33% in 2019 to 9.16% in 2023. This indicates that the company's operating income generated from its assets has decreased over the period.
2. Return on assets (ROA) has exhibited fluctuations over the years, with the highest being 8.98% in 2019 and the lowest at 5.83% in 2022. This ratio signifies the overall profitability generated from the company's total assets.
3. Return on total capital has also displayed a downward trend, declining from 17.13% in 2019 to 11.86% in 2023. This ratio highlights the return generated from both equity and debt capital invested in the company.
4. Return on equity (ROE) shows variability, with the highest return of 18.95% in 2019 and the lowest at 11.10% in 2022. ROE indicates the profitability of the company from the perspective of its shareholders' equity.
Overall, while Albany International Corp. has shown fluctuations in its profitability ratios, the downward trends in Operating ROA, Return on total capital and ROE suggest a potential decrease in operational efficiency and return on capital employed in recent years. Further analysis of the company's financial performance and operational strategies may be needed to address these changes.