Albany International Corporation (AIN)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 87,623 | 111,120 | 95,762 | 118,478 | 98,589 |
| Total assets | US$ in thousands | 1,648,700 | 1,835,010 | 1,642,260 | 1,556,060 | 1,549,940 |
| ROA | 5.31% | 6.06% | 5.83% | 7.61% | 6.36% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $87,623K ÷ $1,648,700K
= 5.31%
Albany International Corporation's return on assets (ROA) has shown fluctuations over the past five years. The ROA increased from 6.36% as of December 31, 2020, to 7.61% as of December 31, 2021, indicating improved efficiency in generating profits relative to its total assets. However, the ROA declined in the following years, reaching 5.31% as of December 31, 2024.
The fluctuations in ROA suggest that Albany International Corporation's ability to generate earnings from its assets has been inconsistent. It is essential for the company to closely monitor and manage its asset utilization to ensure sustained profitability and efficiency in its operations. Further analysis of the underlying factors contributing to the changes in ROA would be beneficial in understanding the company's performance and identifying areas for improvement.