What is the Return on Assets (ROA) of ALLETE this year?
The Return on Assets (ROA) of ALLETE is 0.04 undefined this year.
ALLETE ROA 2024
ALLETE ROA
0.04
Ticker
ALE
ISIN
US0185223007
WKN
A0DJ2T
In 2024, ALLETE's return on assets (ROA) was 0.04, a 34.24% increase from the 0.03 ROA in the previous year.
ALLETE Aktienanalyse
What does ALLETE do?
ALLETE Inc. is an American company specializing in the energy industry, headquartered in Duluth, Minnesota. The company was founded in 1906 and has since undergone impressive development. Today, it is a big player in the energy industry and supplies electricity and gas to around half a million customers. Business model ALLETE Inc.'s business model focuses on the distribution of energy products and services. The company operates various business areas, including energy generation and transmission, as well as supply of electricity and gas, alternative energy sources, and technology and engineering services. History ALLETE Inc. was originally founded as "Minnesota Power Company" and initially only provided electricity to customers in Duluth and surrounding communities. Over the years, the company expanded and acquired other utility companies in the Upper Midwest, particularly in Minnesota and Wisconsin. Today, ALLETE Inc. also owns hydrogen and wind energy facilities that promote alternative energy generation. Segments The company has four main business segments, including the energy market, specialty services, renewable energy, and real estate. These business segments are organized to focus on the core business and ensure that the company continues to grow and follow current trends. Each segment has its own objectives. Products and services ALLETE Inc. offers a range of energy products and services, including: Energy - ALLETE Inc. produces and distributes various types of energy, including electricity and gas, and supplies around 50,000 customers in Minnesota and Wisconsin. The company utilizes a portfolio of different energy generation methods. Alternative Energies - ALLETE Inc. invests in alternative energy projects, including hydrogen and wind energy. Hydrogen has the potential to become a key element of clean energy supply, and ALLETE Inc. has already put a hydrogen production facility into operation. The company has also established numerous wind farms, which play a significant role in large corporations. Technology Services - ALLETE Inc. leverages its expertise to develop and offer technological innovations and services for the energy industry. With the growing market and increasing demand for sustainable energy and technology solutions, we see ALLETE Inc. as a key partner in the energy industry in the future. Real Estate - The company is also involved in the real estate business and owns a variety of industrial buildings and properties, mostly in regions that provide strategic value for energy supply. These properties are typically focused on long-term lease agreements, contributing to the maintenance of stable revenue growth. Conclusion: In the energy industry, ALLETE Inc. has not only gained decades of experience but also played a significant role in the clean energy transition and the development of digital technologies. With its various business segments and products, the company achieves solid revenues and is thus one of the key players in the industry in the United States. ALLETE ist eines der beliebtesten Unternehmen auf Eulerpool.com.ROA Details
Understanding ALLETE's Return on Assets (ROA)
ALLETE's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.
Year-to-Year Comparison
Comparing ALLETE's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.
Impact on Investments
Investors consider ALLETE's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.
Interpreting ROA Fluctuations
Variations in ALLETE’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.
Frequently Asked Questions about ALLETE stock
What was the ROA of ALLETE compared to the previous year?
The ROA of ALLETE has increased by 34.24% compared to the previous year.
What consequences do high ROA have for investors of ALLETE?
A high ROA is advantageous for investors of ALLETE, as it indicates that the company efficiently utilizes its assets and generates good profits.
What are the consequences of low ROA for investors in ALLETE?
A low ROA can be unfavorable for investors of ALLETE as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.
How does an increase in the ROA of ALLETE affect the company?
An increase in ROA of ALLETE can be an indicator of improved efficiency in asset utilization and higher profitability.
How does a reduction in ROA of ALLETE impact the company?
A reduction in the ROA of ALLETE can be an indicator of lower asset efficiency and profitability.
What are some factors that can influence the ROA of ALLETE?
Some factors that can influence the ROA of ALLETE include revenue, operating costs, asset structure, and industry average.
Why is the ROA of ALLETE important for investors?
The ROA of ALLETE is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.
What strategic measures can ALLETE take to improve ROA?
To improve ROA, ALLETE can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.
How much dividend does ALLETE pay?
Over the past 12 months, ALLETE paid a dividend of 2.71 USD . This corresponds to a dividend yield of about 4.37 %. For the coming 12 months, ALLETE is expected to pay a dividend of 2.75 USD.
What is the dividend yield of ALLETE?
The current dividend yield of ALLETE is 4.37 %.
When does ALLETE pay dividends?
ALLETE pays a quarterly dividend. This is distributed in the months of September, December, March, June.
How secure is the dividend of ALLETE?
ALLETE paid dividends every year for the past 25 years.
What is the dividend of ALLETE?
For the upcoming 12 months, dividends amounting to 2.75 USD are expected. This corresponds to a dividend yield of 4.44 %.
In which sector is ALLETE located?
ALLETE is assigned to the 'Utilities' sector.
Wann musste ich die Aktien von ALLETE kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of ALLETE from 6/1/2024 amounting to 0.705 USD, you needed to have the stock in your portfolio before the ex-date on 5/14/2024.
When did ALLETE pay the last dividend?
The last dividend was paid out on 6/1/2024.
What was the dividend of ALLETE in the year 2023?
In the year 2023, ALLETE distributed 2.6 USD as dividends.
In which currency does ALLETE pay out the dividend?
The dividends of ALLETE are distributed in USD.
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Andere Kennzahlen von ALLETE
Our stock analysis for ALLETE Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of ALLETE Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
