Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
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- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Sales (P/S) since 2005
- Aggregate Accruals
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Profitability Ratios (Summary)
Albemarle Corp., profitability ratios (quarterly data)
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).
- Gross Profit Margin
- The gross profit margin remained relatively stable around the mid-30% range from early 2018 through mid-2021, experiencing a gradual decline from approximately 36% to about 31%. Beginning in late 2021, a noticeable upward trend is observed, with margin percentages increasing sharply to reach over 44% by the first quarter of 2023.
- Operating Profit Margin
- The operating profit margin displayed a declining trend from early 2018, dropping from roughly 27% to a low near 16% by the end of 2020. Starting in early 2021, the margin fluctuated and showed a significant rebound, attaining 29.97% at mid-2021, though it again fluctuated afterward. Since late 2022, the operating margin has improved markedly, reaching above 37% by March 2023.
- Net Profit Margin
- The net profit margin followed a declining pattern through 2018 and 2019, falling from above 20% to nearly 11% by the end of 2020. In 2021, marked volatility was evident, with the margin spiking to over 21% in the first quarter, then dropping substantially to as low as 3.72% in the third quarter. From late 2022 onward, there was a robust recovery, with the net margin climbing sharply and peaking at nearly 42% by the first quarter of 2023.
- Return on Equity (ROE)
- ROE exhibited a consistent decline from early 2018 through mid-2021, falling from roughly 19% to around 6%, and dipping to a low near 2% in the third quarter of 2021. After this trough, a recovery trend began, with values rising significantly to nearly 40% by the first quarter of 2023, indicating improved profitability relative to shareholder equity.
- Return on Assets (ROA)
- The return on assets showed a steady decrease from over 9% in early 2018 to below 4% by the end of 2020, reaching a pronounced low near 1% in the third quarter of 2021. After this low point, ROA improved considerably, increasing to over 20% by March 2023, suggesting enhanced efficiency in using company assets to generate earnings.
Return on Sales
Return on Investment
Gross Profit Margin
Albemarle Corp., gross profit margin calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Gross profit | ||||||||||||||||||||||||||||
| Net sales | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Gross profit margin1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Linde plc | ||||||||||||||||||||||||||||
| Sherwin-Williams Co. | ||||||||||||||||||||||||||||
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).
1 Q1 2023 Calculation
Gross profit margin = 100
× (Gross profitQ1 2023
+ Gross profitQ4 2022
+ Gross profitQ3 2022
+ Gross profitQ2 2022)
÷ (Net salesQ1 2023
+ Net salesQ4 2022
+ Net salesQ3 2022
+ Net salesQ2 2022)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The quarterly financial data reveals several notable trends regarding profitability and sales performance over the analyzed periods.
- Gross Profit
- Gross profit exhibits a fluctuating but generally upward trajectory across the observed timeline. Initially, gross profit ranged from approximately 280 million to 338 million US dollars in 2018 and 2019. During 2020 and 2021, gross profit values tended to stabilize somewhat between 230 million and 265 million US dollars, showing less volatility but a slight downward trend towards the end of 2021. From 2022 onward, a significant increase is evident, with gross profit rising sharply to exceed one billion US dollars by the third quarter of 2022 and maintaining this elevated level into early 2023. This substantial growth indicates enhanced profitability during the most recent periods.
- Net Sales
- Net sales follow a similar pattern of variability, beginning with figures around 770 million to almost one billion US dollars in 2018 and 2019. Sales experienced a decline in early 2020, coinciding with the onset of the pandemic, dropping to roughly between 740 million and 880 million US dollars through 2020 and 2021. However, from 2022 onwards, there is a pronounced increase, with net sales exceeding one billion US dollars by March 2022 and reaching over 2.5 billion US dollars by early 2023. This sharp upward trend in sales aligns with the surge in gross profit, suggesting increased demand or improved pricing strategies.
- Gross Profit Margin
- Gross profit margin percentages, available from the first quarter of 2019, illustrate a gradual decline from approximately 36% down to around 30% by the end of 2021. This decline suggests increasing cost pressures or product mix changes adversely affecting profitability rates. However, starting in 2022, the margin improves markedly, ascending from about 33% to over 44% in early 2023. This improvement signifies enhanced efficiency or favorable sales conditions contributing to higher profitability per dollar of sales.
Overall, the data indicates a period of moderate profitability and growth from 2018 through 2021, followed by a pronounced acceleration in both sales and profitability metrics beginning in 2022. The steep increase in gross profit margin concurrently with the rise in sales suggests effective management of costs or successful implementation of value-enhancing strategies. These trends point to a strengthening financial performance in the most recent quarters analyzed.
Operating Profit Margin
Albemarle Corp., operating profit margin calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Operating profit | ||||||||||||||||||||||||||||
| Net sales | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Operating profit margin1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Linde plc | ||||||||||||||||||||||||||||
| Sherwin-Williams Co. | ||||||||||||||||||||||||||||
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).
1 Q1 2023 Calculation
Operating profit margin = 100
× (Operating profitQ1 2023
+ Operating profitQ4 2022
+ Operating profitQ3 2022
+ Operating profitQ2 2022)
÷ (Net salesQ1 2023
+ Net salesQ4 2022
+ Net salesQ3 2022
+ Net salesQ2 2022)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The quarterly financial data reveals notable fluctuations and general trends in operating profit, net sales, and operating profit margin over the observed period.
- Operating Profit
- The operating profit exhibits significant variability across quarters. Early data points show moderate levels, peaking substantially in June 2021 at 542,333 thousand US dollars, though it sharply declines to a negative value of -31,286 thousand US dollars by December 2021. From March 2022 onward, the operating profit demonstrates a strong recovery and upward momentum, reaching its highest recorded value of 1,101,763 thousand US dollars by March 2023. This upward trajectory in recent quarters suggests improved operational efficiency or favorable market conditions.
- Net Sales
- Net sales show a generally increasing trend throughout the period. Initial values around 800,000 thousand US dollars in early years gradually rise, with occasional dips such as the decline observed between June 2018 and September 2018. Starting roughly in the first quarter of 2022, net sales experience more pronounced growth, jumping from approximately 1,127,728 thousand US dollars to over 2,580,252 thousand US dollars by March 2023. This strong growth in sales volume underpins the increases seen in operating profit in the same period.
- Operating Profit Margin
- Operating profit margin data is available from March 2019 onward. Margins remain relatively stable in the 16% to 27% range until mid-2021, with a notable spike to nearly 30% in March 2021, coinciding with a peak in operating profit. Despite the sharp operating loss in December 2021, margins recover subsequently and demonstrate an increasing trend from March 2022, culminating in a robust margin of 37.16% by March 2023. This improvement indicates enhanced profitability relative to sales, possibly reflecting cost management improvements or price optimization strategies.
In summary, after a period of volatility and a brief downturn in late 2021, the financial metrics reveal strong improvement and growth in both sales and profitability throughout 2022 and into early 2023. This pattern suggests strengthened business performance with increased operational leverage and market demand.
Net Profit Margin
Albemarle Corp., net profit margin calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Net income (loss) attributable to Albemarle Corporation | ||||||||||||||||||||||||||||
| Net sales | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Net profit margin1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Linde plc | ||||||||||||||||||||||||||||
| Sherwin-Williams Co. | ||||||||||||||||||||||||||||
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).
1 Q1 2023 Calculation
Net profit margin = 100
× (Net income (loss) attributable to Albemarle CorporationQ1 2023
+ Net income (loss) attributable to Albemarle CorporationQ4 2022
+ Net income (loss) attributable to Albemarle CorporationQ3 2022
+ Net income (loss) attributable to Albemarle CorporationQ2 2022)
÷ (Net salesQ1 2023
+ Net salesQ4 2022
+ Net salesQ3 2022
+ Net salesQ2 2022)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
- Net Income Trend
- The net income attributable to the company exhibits considerable volatility over the observed periods. Starting with a moderate level in 2018, the net income experienced significant fluctuations, particularly in the third and fourth quarters of 2021, when a sharp negative net income was recorded. Following this downturn, a strong recovery is evident from 2022 onwards, with net income rising substantially, reaching record highs in the first quarter of 2023.
- Net Sales Pattern
- Net sales demonstrate an overall upward trend across the entire timeframe. Although some declines are visible in mid-2020 and mid-2021, from 2022 onwards, the sales figures show rapid growth, peaking in the first quarter of 2023. This trend indicates expanding market demand or successful revenue-generating strategies in recent periods.
- Net Profit Margin Evolution
- The net profit margin, available from late 2018 onwards, fluctuates notably. It maintains a generally positive range with values mostly between 10% and 20% until 2021. A pronounced dip occurs in 2021 corresponding with the negative net income observed. Subsequently, a significant improvement is seen after 2021, where net profit margins increase markedly, surpassing 25% and reaching over 40% by early 2023. This suggests enhanced profitability and potentially improved operational efficiency or pricing power during this period.
- Overall Financial Health Insights
- The data reveals a recovery and strong growth phase following a difficult period around 2021, characterized by negative income and reduced profit margins. The increasing sales coupled with rising net income and profit margins in 2022 and 2023 indicate a successful turnaround or expansion phase. These trends point to improved financial stability and growing profitability in recent quarters.
Return on Equity (ROE)
Albemarle Corp., ROE calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Net income (loss) attributable to Albemarle Corporation | ||||||||||||||||||||||||||||
| Total Albemarle Corporation shareholders’ equity | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROE1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||||
| Linde plc | ||||||||||||||||||||||||||||
| Sherwin-Williams Co. | ||||||||||||||||||||||||||||
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).
1 Q1 2023 Calculation
ROE = 100
× (Net income (loss) attributable to Albemarle CorporationQ1 2023
+ Net income (loss) attributable to Albemarle CorporationQ4 2022
+ Net income (loss) attributable to Albemarle CorporationQ3 2022
+ Net income (loss) attributable to Albemarle CorporationQ2 2022)
÷ Total Albemarle Corporation shareholders’ equity
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
- Net Income Trend
- The net income attributable to Albemarle Corporation exhibited significant variability over the examined quarters. From early 2018 through 2019, net income showed moderate fluctuations, generally ranging between approximately 85,000 and 155,000 thousand US dollars. A notable deviation occurred in Q2 2021, when net income spiked to 424,600 thousand, followed by a sharp decline into negative territory in Q3 2021 with a loss of nearly 393,000 thousand and a near breakeven in Q4 2021. Subsequently, net income recovered robustly from 2022 onwards, reaching its highest values in Q1 2023 with 1,238,580 thousand US dollars, demonstrating strong earnings growth in recent periods.
- Shareholders’ Equity Development
- Shareholders’ equity overall displayed a steady upward trajectory across the periods analyzed. Starting from about 3.8 billion US dollars in early 2018, it experienced relatively consistent growth despite minor short-term fluctuations. There was a pronounced increase from early 2021 onwards, with equity rising from approximately 5.7 billion to over 9.2 billion US dollars by Q1 2023. This increase suggests accumulated retained earnings and possibly capital infusions or asset revaluations contributing to the enhanced equity base.
- Return on Equity (ROE) Pattern
- Return on equity fluctuated significantly over time, reflecting the variations in net income and equity levels. Early data is not provided, but from the available figures, ROE ranged between approximately 6% and 19% from 2018 through early 2021. A sharp drop occurred in mid to late 2021, coinciding with the substantial net income losses recorded in the same period. From 2022 onward, ROE improved markedly, reaching exceptional levels of almost 40% by Q1 2023. This reflects the combined effect of strong net income growth relative to the equity base in the most recent quarters.
- Summary Insights
- The financial data reveals a corporation experiencing periods of both volatility and growth. The transient loss during 2021 indicates a possible operational or market challenge, while the impressive recovery and growth in net income and ROE in subsequent quarters highlight a strong rebound. The steady increase in shareholders’ equity underpins a solid capital foundation, supporting these earnings improvements. The marked rise in profitability metrics in 2022 and early 2023 suggests enhanced operational efficiency, favorable market conditions, or strategic gains driving shareholder value.
Return on Assets (ROA)
Albemarle Corp., ROA calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Net income (loss) attributable to Albemarle Corporation | ||||||||||||||||||||||||||||
| Total assets | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROA1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||||
| Linde plc | ||||||||||||||||||||||||||||
| Sherwin-Williams Co. | ||||||||||||||||||||||||||||
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).
1 Q1 2023 Calculation
ROA = 100
× (Net income (loss) attributable to Albemarle CorporationQ1 2023
+ Net income (loss) attributable to Albemarle CorporationQ4 2022
+ Net income (loss) attributable to Albemarle CorporationQ3 2022
+ Net income (loss) attributable to Albemarle CorporationQ2 2022)
÷ Total assets
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
The financial data reveals several notable trends in the company's performance over the analyzed period.
- Net Income (Loss) Attributable to Albemarle Corporation
- The net income exhibited significant fluctuations throughout the periods. Initially, the company reported positive net income amounts, fluctuating moderately between approximately $130 million and $155 million from the first quarter of 2018 through the fourth quarter of 2019. Starting in 2020, net income values show some volatility but remained positive overall until the third quarter of 2021, when a substantial loss of approximately $392.8 million was recorded. Following this loss, net income rebounded sharply, returning to positive figures, and demonstrated a strong upward trajectory into 2023, reaching over $1.2 billion by the first quarter of 2023.
- Total Assets
- Total assets steadily increased over the entire time frame. From approximately $7.56 billion in early 2018, assets grew consistently with small increments initially and accelerated growth observed post-2019, crossing $17.5 billion by the first quarter of 2023. This upward trend indicates ongoing asset accumulation or investments over the period examined.
- Return on Assets (ROA)
- The ROA became regularly available from late 2018 onward and showed a general downward trend from 9.15% in the third quarter of 2018 to as low as 1.13% in the third quarter of 2021. After this period of decline, ROA began recovering, climbing back to approximately 20.92% by the first quarter of 2023, which is the highest ROA observed in the dataset. This pattern suggests a period of lower efficiency or profitability relative to assets during 2020 and 2021, followed by a marked improvement in asset utilization and operational performance more recently.
Overall, the data suggests that despite encountering a significant loss in late 2021, the company has made substantial financial improvements, reflected in increasing net income and ROA, alongside steady growth in total assets. The recovery in profitability and asset efficiency are key positive signals in the latest quarters.