Return On Equity ratio Analysis of Allete Inc - Deep Dive
Birds's Eye
Fundamentals
Fundamentals
Technicals
MovingAverage
Candlestick
PivotPointLatest FY ROE
Period Ending - Dec-23
Not Good ROE
8.79
Period Ending - Dec-22
Not Good ROE
7.03
Growth
25.07 %
Trailing Twelve Months ROE
Period Ending - Dec-23
Not Good ROE
8.64
Most recent Quarter ROE
Period Ending - Mar-24
Not Good ROE
1.80
ROE Analysis of Allete Inc
| ROE Ratio of ALE rose handsomely by 25.07 % this year. |
| ROE Ratio with value of 8.79 was highest in Year Dec-23 in last Five Years. |
| ROE Ratio with value of 7.01 was lowest in Year Dec-21 in last Five Years. |
| Latest ROE Ratio with value of 8.79 is Greater than Average ROE of 7.75 in last five years. |
Other ROE Related Info of ALE that may interest you.
Allete Inc Overview
| Code | Price | Previous Price | Price Change | Sector |
|---|---|---|---|---|
| ALE | 63.0 | 63.03 | 0.0476 % | Utilities-Diversified |
Defination of Return On Equity
The Return on Equity (ROE) is a profitability metric that measures a company's ability to generate profits using its shareholder's fund. ROE is calculated by dividing Net Income by Shareholders' Fund. more ..
ROE Related Ratios
| ReturnOnAsset | NetProfitMargin |
Tsr Profitability Index
| Low Profitability Stock | |
FY - Historical Return On Equity of Allete Inc
| Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 |
|---|---|---|---|---|---|---|---|
| ROE | 8.79 | 7.03 | 7.01 | 7.59 | 8.32 | 8.08 | 8.33 |
| Change | 25.07 % | 0.292 % | -7.64 % | -8.71 % | 2.97 % | -3.00 % | 1.49 % |
FY Chart of Return On Equity of Allete Inc
Note : All Data Generated at the End of Trading Hours (EOD Data)