Stock Analysis on Net
Stock Analysis on Net

Albemarle Corp. (NYSE:ALB)

This company has been moved to the archive! The financial data has not been updated since May 3, 2023.

DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
Quarterly Data

Microsoft Excel

Decomposing ROE involves expressing net income divided by shareholders’ equity as the product of component ratios.

Two-Component Disaggregation of ROE

Albemarle Corp., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Mar 31, 2023 39.89% = 20.92% × 1.91
Dec 31, 2022 33.70% = 17.40% × 1.94
Sep 30, 2022 23.07% = 11.23% × 2.05
Jun 30, 2022 4.33% = 2.10% × 2.06
Mar 31, 2022 4.83% = 2.46% × 1.96
Dec 31, 2021 2.20% = 1.13% × 1.95
Sep 30, 2021 3.73% = 1.96% × 1.90
Jun 30, 2021 11.41% = 6.51% × 1.75
Mar 31, 2021 6.34% = 3.54% × 1.79
Dec 31, 2020 8.80% = 3.60% × 2.45
Sep 30, 2020 9.25% = 3.73% × 2.48
Jun 30, 2020 10.89% = 4.31% × 2.53
Mar 31, 2020 13.07% = 5.15% × 2.54
Dec 31, 2019 13.56% = 5.41% × 2.51
Sep 30, 2019 14.92% = 7.03% × 2.12
Jun 30, 2019 14.39% = 6.76% × 2.13
Mar 31, 2019 18.94% = 8.83% × 2.14
Dec 31, 2018 19.34% = 9.15% × 2.11
Sep 30, 2018 — = — × 2.12
Jun 30, 2018 — = — × 2.04
Mar 31, 2018 — = — × 1.99

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The primary reason for the increase in return on equity ratio (ROE) over Q1 2023 is the increase in profitability measured by return on assets ratio (ROA).

Three-Component Disaggregation of ROE

Albemarle Corp., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Mar 31, 2023 39.89% = 41.89% × 0.50 × 1.91
Dec 31, 2022 33.70% = 36.75% × 0.47 × 1.94
Sep 30, 2022 23.07% = 27.77% × 0.40 × 2.05
Jun 30, 2022 4.33% = 6.08% × 0.35 × 2.06
Mar 31, 2022 4.83% = 7.76% × 0.32 × 1.96
Dec 31, 2021 2.20% = 3.72% × 0.30 × 1.95
Sep 30, 2021 3.73% = 6.40% × 0.31 × 1.90
Jun 30, 2021 11.41% = 21.78% × 0.30 × 1.75
Mar 31, 2021 6.34% = 11.31% × 0.31 × 1.79
Dec 31, 2020 8.80% = 12.01% × 0.30 × 2.45
Sep 30, 2020 9.25% = 11.77% × 0.32 × 2.48
Jun 30, 2020 10.89% = 12.99% × 0.33 × 2.53
Mar 31, 2020 13.07% = 14.50% × 0.36 × 2.54
Dec 31, 2019 13.56% = 14.86% × 0.36 × 2.51
Sep 30, 2019 14.92% = 16.27% × 0.43 × 2.12
Jun 30, 2019 14.39% = 16.01% × 0.42 × 2.13
Mar 31, 2019 18.94% = 20.54% × 0.43 × 2.14
Dec 31, 2018 19.34% = 20.55% × 0.45 × 2.11
Sep 30, 2018 — = — × — × 2.12
Jun 30, 2018 — = — × — × 2.04
Mar 31, 2018 — = — × — × 1.99

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The primary reason for the increase in return on equity ratio (ROE) over Q1 2023 is the increase in profitability measured by net profit margin ratio.

Five-Component Disaggregation of ROE

Albemarle Corp., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Mar 31, 2023 39.89% = 0.86 × 0.97 × 49.97% × 0.50 × 1.91
Dec 31, 2022 33.70% = 0.87 × 0.96 × 43.76% × 0.47 × 1.94
Sep 30, 2022 23.07% = 0.80 × 0.95 × 36.46% × 0.40 × 2.05
Jun 30, 2022 4.33% = 0.79 × 0.81 × 9.54% × 0.35 × 2.06
Mar 31, 2022 4.83% = 0.76 × 0.89 × 11.43% × 0.32 × 1.96
Dec 31, 2021 2.20% = 0.81 × 0.71 × 6.45% × 0.30 × 1.95
Sep 30, 2021 3.73% = 0.98 × 0.74 × 8.81% × 0.31 × 1.90
Jun 30, 2021 11.41% = 0.82 × 0.91 × 29.18% × 0.30 × 1.75
Mar 31, 2021 6.34% = 0.86 × 0.81 × 16.23% × 0.31 × 1.79
Dec 31, 2020 8.80% = 0.87 × 0.85 × 16.09% × 0.30 × 2.45
Sep 30, 2020 9.25% = 0.87 × 0.85 × 15.95% × 0.32 × 2.48
Jun 30, 2020 10.89% = 0.89 × 0.88 × 16.61% × 0.33 × 2.53
Mar 31, 2020 13.07% = 0.88 × 0.90 × 18.25% × 0.36 × 2.54
Dec 31, 2019 13.56% = 0.86 × 0.92 × 18.92% × 0.36 × 2.51
Sep 30, 2019 14.92% = 0.85 × 0.93 × 20.60% × 0.43 × 2.12
Jun 30, 2019 14.39% = 0.83 × 0.93 × 20.76% × 0.42 × 2.13
Mar 31, 2019 18.94% = 0.81 × 0.94 × 26.84% × 0.43 × 2.14
Dec 31, 2018 19.34% = 0.83 × 0.94 × 26.39% × 0.45 × 2.11
Sep 30, 2018 — = — × — × — × — × 2.12
Jun 30, 2018 — = — × — × — × — × 2.04
Mar 31, 2018 — = — × — × — × — × 1.99

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The primary reason for the increase in return on equity ratio (ROE) over Q1 2023 is the increase in operating profitability measured by EBIT margin ratio.

Two-Component Disaggregation of ROA

Albemarle Corp., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Mar 31, 2023 20.92% = 41.89% × 0.50
Dec 31, 2022 17.40% = 36.75% × 0.47
Sep 30, 2022 11.23% = 27.77% × 0.40
Jun 30, 2022 2.10% = 6.08% × 0.35
Mar 31, 2022 2.46% = 7.76% × 0.32
Dec 31, 2021 1.13% = 3.72% × 0.30
Sep 30, 2021 1.96% = 6.40% × 0.31
Jun 30, 2021 6.51% = 21.78% × 0.30
Mar 31, 2021 3.54% = 11.31% × 0.31
Dec 31, 2020 3.60% = 12.01% × 0.30
Sep 30, 2020 3.73% = 11.77% × 0.32
Jun 30, 2020 4.31% = 12.99% × 0.33
Mar 31, 2020 5.15% = 14.50% × 0.36
Dec 31, 2019 5.41% = 14.86% × 0.36
Sep 30, 2019 7.03% = 16.27% × 0.43
Jun 30, 2019 6.76% = 16.01% × 0.42
Mar 31, 2019 8.83% = 20.54% × 0.43
Dec 31, 2018 9.15% = 20.55% × 0.45
Sep 30, 2018 — = — × —
Jun 30, 2018 — = — × —
Mar 31, 2018 — = — × —

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The primary reason for the increase in return on assets ratio (ROA) over Q1 2023 is the increase in profitability measured by net profit margin ratio.

Four-Component Disaggregation of ROA

Albemarle Corp., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Mar 31, 2023 20.92% = 0.86 × 0.97 × 49.97% × 0.50
Dec 31, 2022 17.40% = 0.87 × 0.96 × 43.76% × 0.47
Sep 30, 2022 11.23% = 0.80 × 0.95 × 36.46% × 0.40
Jun 30, 2022 2.10% = 0.79 × 0.81 × 9.54% × 0.35
Mar 31, 2022 2.46% = 0.76 × 0.89 × 11.43% × 0.32
Dec 31, 2021 1.13% = 0.81 × 0.71 × 6.45% × 0.30
Sep 30, 2021 1.96% = 0.98 × 0.74 × 8.81% × 0.31
Jun 30, 2021 6.51% = 0.82 × 0.91 × 29.18% × 0.30
Mar 31, 2021 3.54% = 0.86 × 0.81 × 16.23% × 0.31
Dec 31, 2020 3.60% = 0.87 × 0.85 × 16.09% × 0.30
Sep 30, 2020 3.73% = 0.87 × 0.85 × 15.95% × 0.32
Jun 30, 2020 4.31% = 0.89 × 0.88 × 16.61% × 0.33
Mar 31, 2020 5.15% = 0.88 × 0.90 × 18.25% × 0.36
Dec 31, 2019 5.41% = 0.86 × 0.92 × 18.92% × 0.36
Sep 30, 2019 7.03% = 0.85 × 0.93 × 20.60% × 0.43
Jun 30, 2019 6.76% = 0.83 × 0.93 × 20.76% × 0.42
Mar 31, 2019 8.83% = 0.81 × 0.94 × 26.84% × 0.43
Dec 31, 2018 9.15% = 0.83 × 0.94 × 26.39% × 0.45
Sep 30, 2018 — = — × — × — × —
Jun 30, 2018 — = — × — × — × —
Mar 31, 2018 — = — × — × — × —

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The primary reason for the increase in return on assets ratio (ROA) over Q1 2023 is the increase in operating profitability measured by EBIT margin ratio.

Disaggregation of Net Profit Margin

Albemarle Corp., decomposition of net profit margin ratio (quarterly data)

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Mar 31, 2023 41.89% = 0.86 × 0.97 × 49.97%
Dec 31, 2022 36.75% = 0.87 × 0.96 × 43.76%
Sep 30, 2022 27.77% = 0.80 × 0.95 × 36.46%
Jun 30, 2022 6.08% = 0.79 × 0.81 × 9.54%
Mar 31, 2022 7.76% = 0.76 × 0.89 × 11.43%
Dec 31, 2021 3.72% = 0.81 × 0.71 × 6.45%
Sep 30, 2021 6.40% = 0.98 × 0.74 × 8.81%
Jun 30, 2021 21.78% = 0.82 × 0.91 × 29.18%
Mar 31, 2021 11.31% = 0.86 × 0.81 × 16.23%
Dec 31, 2020 12.01% = 0.87 × 0.85 × 16.09%
Sep 30, 2020 11.77% = 0.87 × 0.85 × 15.95%
Jun 30, 2020 12.99% = 0.89 × 0.88 × 16.61%
Mar 31, 2020 14.50% = 0.88 × 0.90 × 18.25%
Dec 31, 2019 14.86% = 0.86 × 0.92 × 18.92%
Sep 30, 2019 16.27% = 0.85 × 0.93 × 20.60%
Jun 30, 2019 16.01% = 0.83 × 0.93 × 20.76%
Mar 31, 2019 20.54% = 0.81 × 0.94 × 26.84%
Dec 31, 2018 20.55% = 0.83 × 0.94 × 26.39%
Sep 30, 2018 — = — × — × —
Jun 30, 2018 — = — × — × —
Mar 31, 2018 — = — × — × —

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The primary reason for the increase in net profit margin ratio over Q1 2023 is the increase in operating profitability measured by EBIT margin ratio.