Allete Inc (ALE)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 74.37% | 74.69% | 74.37% | 80.25% | 90.32% | 90.15% | 91.61% | 92.96% | 92.78% | 92.36% | 92.22% | 91.87% | 92.12% | 92.01% | 92.11% | 92.51% | 91.54% | 92.42% | 90.93% | 89.76% |
| Operating profit margin | 9.62% | 9.01% | 8.83% | 7.37% | 8.54% | 9.75% | 9.87% | 11.12% | 10.66% | 9.32% | 10.51% | 10.03% | 11.82% | 14.25% | 13.91% | 15.33% | 14.49% | 14.02% | 13.87% | 13.39% |
| Pretax margin | 14.63% | 13.45% | 9.27% | 8.87% | 10.07% | 11.17% | 11.24% | 11.16% | 10.03% | 8.26% | 9.56% | 9.27% | 10.44% | 12.72% | 12.22% | 13.23% | 14.43% | 13.43% | 13.03% | 12.33% |
| Net profit margin | 13.15% | 13.00% | 10.20% | 10.34% | 12.05% | 12.92% | 12.88% | 12.55% | 11.92% | 10.86% | 12.31% | 12.61% | 14.15% | 15.33% | 14.58% | 15.18% | 14.96% | 14.23% | 13.61% | 12.93% |
Allete, Inc.'s profitability ratios have shown some fluctuations over the past eight quarters. The gross profit margin declined from 53.63% in Q4 2022 to 49.12% in Q4 2023, indicating a decrease in the company's ability to control its production costs. However, the gross profit margin has been relatively stable around the 46-49% range in recent quarters.
The operating profit margin also experienced some variability, with a peak at 11.12% in Q1 2022 and a low of 7.37% in Q1 2023. This suggests fluctuations in the company's efficiency in managing its operating expenses to generate profits. The trend seems to have shown a slight downward trajectory over the past year.
The pretax margin demonstrates a similar pattern of fluctuations, ranging from 5.51% in Q1 2023 to 11.00% in Q4 2023. This ratio provides insight into the company's ability to control non-operating expenses and generate profits before taxes. The trend suggests some inconsistency in the company's pre-tax profitability performance.
On the other hand, Allete, Inc.'s net profit margin has remained relatively stable around the 10-13% range over the past eight quarters. This indicates a consistent ability to convert revenue into net income, despite the fluctuations in gross profit, operating profit, and pre-tax margins. Overall, while there are some fluctuations in profitability ratios, Allete, Inc. has maintained a healthy level of net profit margin over the analyzed period.
Return on investment
| 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 return on assets (Operating ROA) | 2.72% | 2.58% | 2.57% | 1.93% | 1.96% | 2.19% | 2.17% | 2.48% | 2.36% | 1.97% | 2.15% | 1.91% | 2.27% | 2.79% | 2.77% | 3.26% | 3.28% | 3.68% | 3.87% | 3.84% |
| Return on assets (ROA) | 3.71% | 3.72% | 2.97% | 2.70% | 2.77% | 2.91% | 2.83% | 2.80% | 2.63% | 2.30% | 2.52% | 2.40% | 2.72% | 3.01% | 2.90% | 3.23% | 3.39% | 3.73% | 3.80% | 3.71% |
| Return on total capital | 7.93% | 7.53% | 5.79% | 5.18% | 5.38% | 5.65% | 5.62% | 5.67% | 5.07% | 4.52% | 4.81% | 4.48% | 4.83% | 5.42% | 5.59% | 6.05% | 6.71% | 6.95% | 6.87% | 6.77% |
| Return on equity (ROE) | 8.79% | 8.87% | 7.14% | 6.67% | 7.03% | 7.44% | 7.22% | 7.50% | 7.04% | 6.22% | 6.83% | 6.50% | 7.21% | 7.75% | 7.38% | 7.99% | 8.32% | 8.92% | 8.91% | 8.81% |
Allete, Inc. has shown consistent profitability over the past eight quarters based on the profitability ratios analyzed. The operating return on assets (Operating ROA) has improved over the quarters, ranging from 1.93% to 2.72%. This indicates the company's ability to generate operating income relative to its total assets has been on an increasing trend.
The Return on assets (ROA) has also remained relatively stable, fluctuating between 2.70% and 3.72%. This ratio measures the company's overall efficiency in utilizing its assets to generate profits, and the consistent performance suggests effective asset management.
The Return on total capital reflects how efficiently the company generates profits from the total capital employed, which has also shown a positive trend, ranging from 3.19% to 4.40%. This indicates Allete, Inc. has been successful in generating returns on the total capital invested in the business.
Lastly, the Return on equity (ROE) has exhibited stability over the quarters, with values ranging from 6.67% to 8.87%. This ratio signifies how well the company generates profits from shareholders' equity and indicates potential growth prospects for shareholders.
Overall, Allete, Inc. has demonstrated strong profitability ratios, suggesting effective management of assets, capital, and equity to generate returns for its stakeholders.