Albany International Corporation (AIN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 111,120 | 98,800 | 82,385 | 94,914 | 95,762 | 106,268 | 126,436 | 118,632 | 118,477 | 117,378 | 116,105 | 117,062 | 98,589 | 100,152 | 110,572 | 112,272 | 132,353 | 120,853 | 108,544 | 104,390 |
| 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 |
| ROA | 6.06% | 5.52% | 4.83% | 5.60% | 5.83% | 6.76% | 7.84% | 7.51% | 7.61% | 7.62% | 7.61% | 7.74% | 6.36% | 6.72% | 7.56% | 7.57% | 8.98% | 8.60% | 7.44% | 7.23% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $111,120K ÷ $1,835,010K
= 6.06%
The return on assets (ROA) for Albany International Corp. has shown fluctuations over the past eight quarters. In Q4 2023, the ROA was 6.06%, which was an improvement from the previous quarter's 5.52%. However, it was lower than the ROA in Q4 2022, which was 5.83%.
The ROA reached its peak in Q2 2022 at 7.84% and has generally trended downwards since then. This downward trend indicates that the company may be facing challenges in generating profits from its assets efficiently.
Overall, while the ROA for Albany International Corp. has shown some variability, it is essential for the company to focus on improving its efficiency in utilizing assets to generate higher returns for its shareholders in the future.