Albany International Corporation (AIN)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	167,894	164,022	177,596	182,810	181,022	184,853	175,695	174,946	178,010	171,256	165,543	168,304	166,080	174,674	191,579	193,077	193,576	187,396	172,552	160,483
Total assets	US$ in thousands	1,835,010	1,790,250	1,707,150	1,695,760	1,642,260	1,571,850	1,613,060	1,580,060	1,556,060	1,540,240	1,526,640	1,512,170	1,549,940	1,490,690	1,461,960	1,483,630	1,474,370	1,404,720	1,458,100	1,443,280
Operating ROA		9.15%	9.16%	10.40%	10.78%	11.02%	11.76%	10.89%	11.07%	11.44%	11.12%	10.84%	11.13%	10.72%	11.72%	13.10%	13.01%	13.13%	13.34%	11.83%	11.12%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $167,894K ÷ $1,835,010K
= 9.15%

Albany International Corp.'s operating return on assets (operating ROA) has shown some fluctuations over the past eight quarters. The trend shows a decline from Q4 2022 to Q2 2023, with a peak of 11.85% in Q3 2022, followed by a gradual decrease. However, there was a slight increase in Q3 2023 compared to the previous quarter.

The variability in operating ROA could indicate changes in the company's operational efficiency and profitability. A lower operating ROA may suggest that the company is not efficiently generating profits from its assets or that there are inefficiencies in its operations. Conversely, a higher operating ROA may indicate that the company is using its assets more effectively to generate profits.

Overall, further analysis and comparison with industry benchmarks are recommended to gain a deeper understanding of Albany International Corp.'s operating performance in relation to its assets efficiency.