Albany International Corporation (AIN)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 87,623 | 100,394 | 109,474 | 111,522 | 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 | 100,197 | 110,617 | 112,317 |
| Total assets | US$ in thousands | 1,648,700 | 1,753,200 | 1,751,820 | 1,798,180 | 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 |
| ROA | 5.31% | 5.73% | 6.25% | 6.20% | 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% | 7.57% | 7.57% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $87,623K ÷ $1,648,700K
= 5.31%
Albany International Corporation's return on assets (ROA) has exhibited some fluctuations over the period from March 31, 2020, to December 31, 2024. The ROA started at 7.57% in March 2020, remained relatively stable around 7.5% for a few quarters, before experiencing a slight decrease to 6.36% in December 2020. Subsequently, the ROA showed a gradual improvement, reaching a peak of 7.84% in June 2022. However, the ratio declined again to 5.31% by December 31, 2024.
Overall, Albany International Corporation's ROA reflects the company's ability to generate profits from its assets. The fluctuations in ROA could be influenced by various factors such as changes in revenue, expenses, and asset efficiency. Further analysis is recommended to understand the underlying reasons for the fluctuations and to assess the company's overall financial performance.