Albemarle Corp (ALB)

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	251,878	1,934,753	2,965,744	3,259,842	2,470,061	1,605,766	846,312	954,549	798,434	954,856	967,765	537,632	505,812	519,761	561,476	635,013	666,123	701,845	679,458	884,071
Total assets	US$ in thousands	18,270,700	18,883,400	19,109,700	17,564,400	15,456,500	13,828,500	12,520,400	11,416,100	10,974,100	10,832,300	10,796,900	10,290,300	10,450,900	10,232,000	10,170,300	9,847,640	9,860,860	8,141,600	8,094,410	7,871,060
Operating ROA		1.38%	10.25%	15.52%	18.56%	15.98%	11.61%	6.76%	8.36%	7.28%	8.81%	8.96%	5.22%	4.84%	5.08%	5.52%	6.45%	6.76%	8.62%	8.39%	11.23%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $251,878K ÷ $18,270,700K
= 1.38%

Albemarle Corp.'s operating return on assets (operating ROA) has shown fluctuations over the past eight quarters. In Q1 2022, the operating ROA was at 5.84%, gradually increasing to 18.56% by Q1 2023. However, in the most recent quarter, Q4 2023, the operating ROA experienced a significant decline to 0.99%.

Overall, the trend in operating ROA indicates variability in the company's ability to generate profit from its assets over the analyzed period. The substantial fluctuations in operating ROA may suggest changes in the company's operating efficiency, profitability, or asset utilization. Further analysis of the company's financial performance and operational strategies may be necessary to understand the factors contributing to these fluctuations and to assess the company's long-term financial health.