Albany International Corporation (AIN)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 111,120 | 95,762 | 118,478 | 98,589 | 132,398 |
| Total stockholders’ equity | US$ in thousands | 961,368 | 863,049 | 873,967 | 816,066 | 698,683 |
| ROE | 11.56% | 11.10% | 13.56% | 12.08% | 18.95% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $111,120K ÷ $961,368K
= 11.56%
Albany International Corp.'s return on equity (ROE) has exhibited some fluctuation over the past five years. In 2023, the company's ROE stood at 11.56%, showing a slight improvement compared to the previous year's ROE of 11.10%. However, this figure was lower than the ROE reported in 2021, which was 13.56%.
The downward trend is evident as the ROE has been declining since 2021, with a notable drop from 18.95% in 2019 to 11.56% in 2023. This declining trend may indicate a decrease in the company's profitability generated from shareholders' equity over the years.
It is important to further investigate the factors contributing to this decline in ROE to assess the company's overall financial performance and sustainability in creating value for its shareholders. Additionally, it would be beneficial to compare Albany International Corp.'s ROE with industry peers to gain a better understanding of its competitive position within the market.