Allete Inc (ALE)

Return on equity (ROE)

		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	179,300	180,200	221,100	239,600	247,100	247,300	195,100	181,200	189,300	199,500	193,400	183,700	169,200	145,600	158,700	150,900	165,400	176,800	167,300	181,400
Total stockholders’ equity	US$ in thousands	2,848,000	2,831,200	2,821,700	2,823,000	2,809,600	2,786,600	2,734,100	2,715,500	2,691,900	2,682,600	2,680,400	2,449,300	2,404,300	2,340,000	2,322,600	2,320,700	2,294,600	2,281,000	2,265,700	2,271,100
ROE		6.30%	6.36%	7.84%	8.49%	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%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $179,300K ÷ $2,848,000K
= 6.30%

Allete Inc's return on equity (ROE) has shown fluctuations over the periods outlined. The ROE started at 7.99% as of March 31, 2020, before slightly decreasing to 7.38% by June 30, 2020. Subsequently, there was a slight improvement to 7.75% as of September 30, 2020, although the trend reversed with ROE declining to 7.21% by December 31, 2020.

The pattern of fluctuations continued, with ROE declining further to 6.50% by March 31, 2021. However, there was a partial recovery as ROE increased to 6.83% by June 30, 2021, only to decrease again to 6.22% by September 30, 2021. By December 31, 2021, the ROE showed some improvement at 7.04%.

As of the most recent data available, the ROE stood at 6.30% as of December 31, 2024, demonstrating a decrease from previous periods. Overall, the analysis suggests varying levels of return on equity for Allete Inc, indicating fluctuations in the company's profitability relative to its equity over the analyzed periods.