ALLETE Inc
NYSE:ALE
ROIC
Return on Invested Capital
ROIC, or Return on Invested Capital, tells you how good a company is at turning its invested money into profits. In simple terms, ROIC shows how many dollars of profit the company makes for each dollar it has invested. A higher ROIC usually means the company is using its money wisely to grow and make more profits, which is a good sign for investors.
ROIC Across Competitors
ROIC Comparison
ALLETE Inc Competitors
| Country | US |
| Market Cap | 3.4B USD |
| ROIC |
2%
|
| Country | US |
| Market Cap | 132.6B USD |
| ROIC |
5%
|
| Country | US |
| Market Cap | 79B USD |
| ROIC |
4%
|
| Country | ES |
| Market Cap | 71.3B EUR |
| ROIC |
5%
|
| Country | US |
| Market Cap | 75.1B USD |
| ROIC |
4%
|
| Country | IT |
| Market Cap | 60.4B EUR |
| ROIC |
5%
|
| Country | US |
| Market Cap | 56.6B USD |
| ROIC |
2%
|
| Country | FR |
| Market Cap | 46.6B EUR |
| ROIC |
-5%
|
| Country | DK |
| Market Cap | 46.2B EUR |
| ROIC |
6%
|
| Country | US |
| Market Cap | 44.4B USD |
| ROIC |
4%
|
| Country | US |
| Market Cap | 43.7B USD |
| ROIC |
9%
|
Profitability Report
View the profitability report to see the full profitability analysis for ALLETE Inc.
See Also
ROIC, or Return on Invested Capital, tells you how good a company is at turning its invested money into profits. In simple terms, ROIC shows how many dollars of profit the company makes for each dollar it has invested. A higher ROIC usually means the company is using its money wisely to grow and make more profits, which is a good sign for investors.
Based on ALLETE Inc's most recent financial statements, the company has ROIC of 2.4%.
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