Return on Assets (ROA)
since 2005
Calculation
Albemarle Corp., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income attributable to Albemarle Corporation1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 17.40% | = | 100 | × | 2,689,816) | ÷ | 15,456,522) |
| Dec 31, 2021 | 1.13% | = | 100 | × | 123,672) | ÷ | 10,974,118) |
| Dec 31, 2020 | 3.60% | = | 100 | × | 375,764) | ÷ | 10,450,946) |
| Dec 31, 2019 | 5.41% | = | 100 | × | 533,228) | ÷ | 9,860,863) |
| Dec 31, 2018 | 9.15% | = | 100 | × | 693,562) | ÷ | 7,581,674) |
| Dec 31, 2017 | 0.71% | = | 100 | × | 54,850) | ÷ | 7,750,772) |
| Dec 31, 2016 | 7.89% | = | 100 | × | 643,675) | ÷ | 8,161,207) |
| Dec 31, 2015 | 3.48% | = | 100 | × | 334,906) | ÷ | 9,615,014) |
| Dec 31, 2014 | 2.55% | = | 100 | × | 133,316) | ÷ | 5,223,103) |
| Dec 31, 2013 | 11.53% | = | 100 | × | 413,171) | ÷ | 3,584,797) |
| Dec 31, 2012 | 9.06% | = | 100 | × | 311,536) | ÷ | 3,437,291) |
| Dec 31, 2011 | 13.62% | = | 100 | × | 436,280) | ÷ | 3,203,824) |
| Dec 31, 2010 | 10.55% | = | 100 | × | 323,720) | ÷ | 3,068,081) |
| Dec 31, 2009 | 6.44% | = | 100 | × | 178,368) | ÷ | 2,771,557) |
| Dec 31, 2008 | 6.76% | = | 100 | × | 194,202) | ÷ | 2,872,717) |
| Dec 31, 2007 | 8.11% | = | 100 | × | 229,690) | ÷ | 2,830,450) |
| Dec 31, 2006 | 5.65% | = | 100 | × | 142,969) | ÷ | 2,530,368) |
| Dec 31, 2005 | 4.51% | = | 100 | × | 114,867) | ÷ | 2,547,243) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The financial data reveals several noteworthy trends concerning the company's profitability and asset management over the observed period.
- Net Income Attributable to the Corporation
- Net income exhibited a general upward trend from 2005 through 2011, peaking in 2011 at 436,280 thousand US dollars. This was followed by fluctuating results with a significant dip in 2014 to 133,316 thousand US dollars. Subsequently, income rose again sharply in 2016 to 643,675 thousand US dollars but showed volatility afterward, with a notable low in 2017 at 54,850 thousand US dollars. The most pronounced increase occurred in 2022, reaching 2,689,816 thousand US dollars, which markedly exceeds previous recordings, indicating extraordinary performance or one-time gains in that year.
- Total Assets
- The asset base of the company generally increased throughout the period. Starting at approximately 2.55 billion US dollars in 2005, there were steady increases with some fluctuations, particularly in 2014 when assets surged above 5 billion US dollars. A sharp spike occurred in 2015, nearly doubling the total assets to over 9.6 billion US dollars, followed by variability in subsequent years but maintaining a high asset base. The upward trend culminated in 2022 with total assets reaching over 15.4 billion US dollars, demonstrating significant growth in the company's asset holdings.
- Return on Assets (ROA)
- ROA showed considerable volatility across the timeline. Early years exhibit moderate values, improving from 4.51% in 2005 to a peak of 13.62% in 2011. This was followed by a sharp decrease to 2.55% in 2014 and a brief recovery to 7.89% in 2016 before declining to 0.71% in 2017. Thereafter, ROA fluctuated with a remarkable increase to 17.4% in 2022, indicating improved efficiency in asset utilization that year despite the substantial increase in total assets.
Overall, the data indicate a growing company with increasing asset base and fluctuating profitability and efficiency levels. The sharp increase in both net income and ROA in 2022 points to a particularly successful year, potentially driven by strategic initiatives, market conditions, or asset revaluation. However, variability in prior years suggests sensitivity to external factors or internal operational challenges affecting earnings and returns on assets.
Comparison to Competitors
Albemarle Corp., ROA, long-term trends, comparison to competitors
| Albemarle Corp. | Linde plc | Sherwin-Williams Co. | |
|---|---|---|---|
| Dec 31, 2022 | 17.40% | 5.21% | 8.94% |
| Dec 31, 2021 | 1.13% | 4.69% | 9.02% |
| Dec 31, 2020 | 3.60% | 2.83% | 9.95% |
| Dec 31, 2019 | 5.41% | 2.64% | 7.52% |
| Dec 31, 2018 | 9.15% | 4.69% | 5.79% |
| Dec 31, 2017 | 0.71% | 6.10% | 8.88% |
| Dec 31, 2016 | 7.89% | 7.76% | 16.77% |
| Dec 31, 2015 | 3.48% | 8.44% | 18.20% |
| Dec 31, 2014 | 2.55% | 8.55% | 15.17% |
| Dec 31, 2013 | 11.53% | 8.66% | 11.79% |
| Dec 31, 2012 | 9.06% | 9.35% | 10.12% |
| Dec 31, 2011 | 13.62% | 10.22% | 8.45% |
| Dec 31, 2010 | 10.55% | 7.82% | 8.95% |
| Dec 31, 2009 | 6.44% | 8.76% | 10.08% |
| Dec 31, 2008 | 6.76% | 9.28% | 10.80% |
| Dec 31, 2007 | 8.11% | 8.80% | 12.68% |
| Dec 31, 2006 | 5.65% | 8.90% | 11.53% |
| Dec 31, 2005 | 4.51% | 6.92% | 10.60% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Chemicals)
Albemarle Corp., ROA, long-term trends, comparison to sector (chemicals)
| Albemarle Corp. | Chemicals | |
|---|---|---|
| Dec 31, 2022 | 17.40% | 6.03% |
| Dec 31, 2021 | 1.13% | 5.56% |
| Dec 31, 2020 | 3.60% | 4.17% |
| Dec 31, 2019 | 5.41% | 3.57% |
| Dec 31, 2018 | 9.15% | 4.88% |
| Dec 31, 2017 | 0.71% | 7.47% |
| Dec 31, 2016 | 7.89% | 10.09% |
| Dec 31, 2015 | 3.48% | 10.79% |
| Dec 31, 2014 | 2.55% | 10.04% |
| Dec 31, 2013 | 11.53% | 9.41% |
| Dec 31, 2012 | 9.06% | 9.55% |
| Dec 31, 2011 | 13.62% | 9.79% |
| Dec 31, 2010 | 10.55% | 8.11% |
| Dec 31, 2009 | 6.44% | 9.07% |
| Dec 31, 2008 | 6.76% | 9.66% |
| Dec 31, 2007 | 8.11% | 9.83% |
| Dec 31, 2006 | 5.65% | 9.72% |
| Dec 31, 2005 | 4.51% | 8.00% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Materials)
Albemarle Corp., ROA, long-term trends, comparison to industry (materials)
| Albemarle Corp. | Materials | |
|---|---|---|
| Dec 31, 2022 | 17.40% | 6.28% |
| Dec 31, 2021 | 1.13% | 6.65% |
| Dec 31, 2020 | 3.60% | 3.40% |
| Dec 31, 2019 | 5.41% | 2.43% |
| Dec 31, 2018 | 9.15% | 5.23% |
| Dec 31, 2017 | 0.71% | 6.22% |
| Dec 31, 2016 | 7.89% | -2.40% |
| Dec 31, 2015 | 3.48% | -13.63% |
| Dec 31, 2014 | 2.55% | 1.48% |
| Dec 31, 2013 | 11.53% | 5.73% |
| Dec 31, 2012 | 9.06% | 8.98% |
| Dec 31, 2011 | 13.62% | 12.44% |
| Dec 31, 2010 | 10.55% | 12.03% |
| Dec 31, 2009 | 6.44% | 9.94% |
| Dec 31, 2008 | 6.76% | -22.98% |
| Dec 31, 2007 | 8.11% | 8.10% |
| Dec 31, 2006 | 5.65% | 14.06% |
| Dec 31, 2005 | 4.51% | 10.70% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).