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Albemarle Corp
NYSE:ALB

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Albemarle Corp Logo
Albemarle Corp
NYSE:ALB
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Price: 114.21 USD 1.71% Market Closed
Updated: Apr 24, 2024

ROA
Return on Assets

9.3%
Current
10%
Average
2.9%
Industry
Positive for the last year
9.3%
Positive average
10%
Worse than average
Better than industry value

ROA, or Return on Assets, is an indicator of how well a company utilizes its assets in terms of profitability. This number tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. A higher ROA indicates more efficient use of assets to produce earnings, making it a valuable gauge for investors assessing a company's operational efficiency and profitability potential.

ROA
9.3%
=
Net Income
1.6B
/
Total Assets
17.9B

ROA Across Competitors

ROA Comparison
Albemarle Corp Competitors

Country US
Market Cap 13.4B USD
ROA
9%
Country JP
Market Cap 12.4T JPY
ROA
11%
Country US
Market Cap 77B USD
ROA
10%
Country US
Market Cap 62.7B USD
ROA
6%
Country CH
Market Cap 41.2B CHF
ROA
8%
Country CH
Market Cap 36.8B CHF
ROA
8%
Country CN
Market Cap 265.1B CNY
ROA
7%
Country IN
Market Cap 2.8T INR
ROA
21%
Country US
Market Cap 31.7B USD
ROA
1%
Country US
Market Cap 30.6B USD
ROA
6%
Country CH
Market Cap 27.7B EUR
ROA
8%

Profitability Report

View the profitability report to see the full profitability analysis for Albemarle Corp.

See Also

Discover More
What is Return on Assets?

ROA, or Return on Assets, is an indicator of how well a company utilizes its assets in terms of profitability. This number tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. A higher ROA indicates more efficient use of assets to produce earnings, making it a valuable gauge for investors assessing a company's operational efficiency and profitability potential.

ROA
9.3%
=
Net Income
1.6B
/
Total Assets
17.9B
What is the ROA of Albemarle Corp?

Based on Albemarle Corp's most recent financial statements, the company has ROA of 9.3%.