Algonquin Power Utilities Stock Return On Asset

AQN Stock

USD 6.16 0.09 1.48%

Algonquin Power Utilities fundamentals help investors to digest information that contributes to Algonquin Power's financial success or failures. It also enables traders to predict the movement of Algonquin Stock. The fundamental analysis module provides a way to measure Algonquin Power's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Algonquin Power stock.

Short Long Term Debt Total Total Assets

As of the 24th of April 2024, Return On Assets is likely to drop to 0.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Algonquin Power Utilities Company Return On Asset Analysis

Algonquin Power's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Return On Asset

Net Income

Total Assets

More About Return On Asset | All Equity Analysis

Current Algonquin Power Return On Asset

0.0166

Most of Algonquin Power's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Algonquin Power Utilities is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Algonquin Return On Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for Algonquin Power is extremely important. It helps to project a fair market value of Algonquin Stock properly, considering its historical fundamentals such as Return On Asset. Since Algonquin Power's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Algonquin Power's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Algonquin Power's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Common Stock	Current Deferred Revenue	Accounts Payable	Short Term Debt	Net Tangible Assets	Long Term Debt	Good Will	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Intangible Assets	Property Plant Equipment	Long Term Debt Total	Capital Surpluse	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.97	0.98	-0.62	0.98	0.99	0.99	0.99	0.33	0.98	0.9	0.97	0.98	0.96	0.98	0.91	0.4	0.78	0.99	0.93	-0.92	0.92	-0.9	0.91
Total Stockholder Equity	0.97		0.91	-0.45	0.93	0.95	0.94	0.98	0.49	0.97	0.81	0.98	0.92	0.96	0.94	0.96	0.31	0.83	0.93	0.91	-0.86	0.89	-0.84	0.87
Net Debt	0.98	0.91		-0.73	0.98	0.99	0.98	0.96	0.2	0.94	0.94	0.93	1.0	0.91	0.98	0.83	0.44	0.71	0.99	0.9	-0.92	0.91	-0.92	0.91
Retained Earnings	-0.62	-0.45	-0.73		-0.73	-0.68	-0.69	-0.59	0.34	-0.52	-0.76	-0.5	-0.72	-0.51	-0.66	-0.3	-0.48	-0.32	-0.68	-0.5	0.6	-0.57	0.65	-0.58
Net Receivables	0.98	0.93	0.98	-0.73		0.98	0.99	0.97	0.2	0.94	0.91	0.94	0.98	0.91	0.98	0.84	0.47	0.76	0.97	0.88	-0.87	0.91	-0.89	0.91
Total Liab	0.99	0.95	0.99	-0.68	0.98		0.99	0.98	0.28	0.97	0.91	0.96	1.0	0.94	0.99	0.87	0.41	0.74	0.99	0.92	-0.93	0.91	-0.9	0.9
Total Current Assets	0.99	0.94	0.98	-0.69	0.99	0.99		0.98	0.24	0.94	0.91	0.95	0.98	0.91	0.98	0.86	0.44	0.8	0.97	0.9	-0.89	0.93	-0.89	0.93
Common Stock	0.99	0.98	0.96	-0.59	0.97	0.98	0.98		0.35	0.97	0.88	0.97	0.96	0.96	0.97	0.93	0.39	0.8	0.97	0.91	-0.88	0.92	-0.89	0.91
Current Deferred Revenue	0.33	0.49	0.2	0.34	0.2	0.28	0.24	0.35		0.44	-0.01	0.43	0.22	0.43	0.23	0.46	-0.32	0.41	0.27	0.37	-0.38	0.14	-0.08	0.12
Accounts Payable	0.98	0.97	0.94	-0.52	0.94	0.97	0.94	0.97	0.44		0.85	0.96	0.94	0.96	0.95	0.9	0.29	0.77	0.96	0.9	-0.88	0.87	-0.87	0.86
Short Term Debt	0.9	0.81	0.94	-0.76	0.91	0.91	0.91	0.88	-0.01	0.85		0.85	0.93	0.78	0.94	0.77	0.51	0.6	0.91	0.79	-0.77	0.91	-0.98	0.92
Net Tangible Assets	0.97	0.98	0.93	-0.5	0.94	0.96	0.95	0.97	0.43	0.96	0.85		0.94	0.92	0.97	0.94	0.37	0.8	0.93	0.9	-0.86	0.9	-0.87	0.89
Long Term Debt	0.98	0.92	1.0	-0.72	0.98	1.0	0.98	0.96	0.22	0.94	0.93	0.94		0.91	0.98	0.84	0.43	0.72	0.99	0.91	-0.93	0.9	-0.91	0.9
Good Will	0.96	0.96	0.91	-0.51	0.91	0.94	0.91	0.96	0.43	0.96	0.78	0.92	0.91		0.91	0.89	0.28	0.71	0.94	0.9	-0.89	0.83	-0.79	0.8
Deferred Long Term Liab	0.98	0.94	0.98	-0.66	0.98	0.99	0.98	0.97	0.23	0.95	0.94	0.97	0.98	0.91		0.89	0.46	0.76	0.97	0.9	-0.87	0.94	-0.93	0.94
Long Term Investments	0.91	0.96	0.83	-0.3	0.84	0.87	0.86	0.93	0.46	0.9	0.77	0.94	0.84	0.89	0.89		0.31	0.81	0.85	0.87	-0.76	0.89	-0.82	0.87
Short Long Term Debt	0.4	0.31	0.44	-0.48	0.47	0.41	0.44	0.39	-0.32	0.29	0.51	0.37	0.43	0.28	0.46	0.31		0.3	0.43	0.28	-0.26	0.43	-0.49	0.45
Intangible Assets	0.78	0.83	0.71	-0.32	0.76	0.74	0.8	0.8	0.41	0.77	0.6	0.8	0.72	0.71	0.76	0.81	0.3		0.72	0.76	-0.61	0.79	-0.64	0.78
Property Plant Equipment	0.99	0.93	0.99	-0.68	0.97	0.99	0.97	0.97	0.27	0.96	0.91	0.93	0.99	0.94	0.97	0.85	0.43	0.72		0.91	-0.93	0.9	-0.9	0.89
Long Term Debt Total	0.93	0.91	0.9	-0.5	0.88	0.92	0.9	0.91	0.37	0.9	0.79	0.9	0.91	0.9	0.9	0.87	0.28	0.76	0.91		-0.92	0.91	-0.81	0.88
Capital Surpluse	-0.92	-0.86	-0.92	0.6	-0.87	-0.93	-0.89	-0.88	-0.38	-0.88	-0.77	-0.86	-0.93	-0.89	-0.87	-0.76	-0.26	-0.61	-0.93	-0.92		-0.79	0.76	-0.78
Net Invested Capital	0.92	0.89	0.91	-0.57	0.91	0.91	0.93	0.92	0.14	0.87	0.91	0.9	0.9	0.83	0.94	0.89	0.43	0.79	0.9	0.91	-0.79		-0.93	0.99
Net Working Capital	-0.9	-0.84	-0.92	0.65	-0.89	-0.9	-0.89	-0.89	-0.08	-0.87	-0.98	-0.87	-0.91	-0.79	-0.93	-0.82	-0.49	-0.64	-0.9	-0.81	0.76	-0.93		-0.93
Capital Stock	0.91	0.87	0.91	-0.58	0.91	0.9	0.93	0.91	0.12	0.86	0.92	0.89	0.9	0.8	0.94	0.87	0.45	0.78	0.89	0.88	-0.78	0.99	-0.93

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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.

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Algonquin Total Assets

Total Assets

19.19 Billion

At this time, Algonquin Power's Total Assets are very stable compared to the past year.

Based on the latest financial disclosure, Algonquin Power Utilities has a Return On Asset of 0.0166. This is 99.32% lower than that of the Multi-Utilities sector and significantly higher than that of the Utilities industry. The return on asset for all United States stocks is 111.86% lower than that of the firm.

Algonquin Return On Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Algonquin Power's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Algonquin Power could also be used in its relative valuation, which is a method of valuing Algonquin Power by comparing valuation metrics of similar companies.

Algonquin Power is currently under evaluation in return on asset category among related companies.

Algonquin Power Current Valuation Drivers

We derive many important indicators used in calculating different scores of Algonquin Power from analyzing Algonquin Power's financial statements. These drivers represent accounts that assess Algonquin Power's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Algonquin Power's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	7.1B	9.2B	9.0B	4.4B	4.4B	4.6B
Enterprise Value	10.9B	13.6B	15.1B	11.9B	12.8B	13.4B

Algonquin Fundamentals

	Return On Equity	-0.0047
	Return On Asset	0.0166
	Profit Margin	0.01 %
	Operating Margin	0.18 %
	Current Valuation	14.77 B
	Shares Outstanding	689.66 M
	Shares Owned By Insiders	0.06 %
	Shares Owned By Institutions	62.34 %
	Number Of Shares Shorted	16.18 M
	Price To Earning	5.61 X
	Price To Book	0.84 X
	Price To Sales	1.53 X
	Revenue	2.74 B
	Gross Profit	1.05 B
	EBITDA	972.27 M
	Net Income	29.2 M
	Cash And Equivalents	85 M
	Cash Per Share	0.12 X
	Total Debt	8.49 B
	Debt To Equity	1.03 %
	Current Ratio	0.77 X
	Book Value Per Share	7.04 X
	Cash Flow From Operations	639.55 M
	Short Ratio	2.19 X
	Earnings Per Share	0.03 X
	Target Price	7.43
	Number Of Employees	3.95 K
	Beta	0.47
	Market Capitalization	4.19 B
	Total Asset	18.28 B
	Retained Earnings	(1.27 B)
	Working Capital	(618.84 M)
	Current Asset	305.04 M
	Current Liabilities	282.11 M
	Annual Yield	0.07 %
	Five Year Return	4.38 %
	Net Asset	18.28 B
	Last Dividend Paid	0.43

About Algonquin Power Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Algonquin Power Utilities's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Algonquin Power using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Algonquin Power Utilities based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Algonquin Power Investors Sentiment

The influence of Algonquin Power's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Algonquin. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Algonquin Power's public news can be used to forecast risks associated with an investment in Algonquin. The trend in average sentiment can be used to explain how an investor holding Algonquin can time the market purely based on public headlines and social activities around Algonquin Power Utilities. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Algonquin Power's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Algonquin Power's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Algonquin Power's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Algonquin Power.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Algonquin Power in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Algonquin Power's short interest history, or implied volatility extrapolated from Algonquin Power options trading.

Pair Trading with Algonquin Power

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Algonquin Power position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Algonquin Power will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Algonquin Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Algonquin Power when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Algonquin Power - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Algonquin Power Utilities to buy it.

The correlation of Algonquin Power is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Algonquin Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Algonquin Power Utilities moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Algonquin Power can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Algonquin Power Utilities is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Algonquin Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Algonquin Power Utilities Stock. Highlighted below are key reports to facilitate an investment decision about Algonquin Power Utilities Stock:

How To Invest In Algonquin

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Is Algonquin Stock a good investment?

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What is Algonquin Power's Net Worth?

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Check out Algonquin Power Piotroski F Score and Algonquin Power Altman Z Score analysis.

You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for Algonquin Stock analysis

When running Algonquin Power's price analysis, check to measure Algonquin Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Algonquin Power is operating at the current time. Most of Algonquin Power's value examination focuses on studying past and present price action to predict the probability of Algonquin Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Algonquin Power's price. Additionally, you may evaluate how the addition of Algonquin Power to your portfolios can decrease your overall portfolio volatility.

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Is Algonquin Power's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Algonquin Power. If investors know Algonquin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Algonquin Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

1.998

Dividend Share

0.434

Earnings Share

0.03

Revenue Per Share

3.917

Quarterly Revenue Growth

(0.11)

The market value of Algonquin Power Utilities is measured differently than its book value, which is the value of Algonquin that is recorded on the company's balance sheet. Investors also form their own opinion of Algonquin Power's value that differs from its market value or its book value, called intrinsic value, which is Algonquin Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Algonquin Power's market value can be influenced by many factors that don't directly affect Algonquin Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Algonquin Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Algonquin Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algonquin Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Algonquin Power Utilities Stock Return On Asset

Algonquin Power Utilities Company Return On Asset Analysis

Return On Asset

Net Income

Total Assets

Current Algonquin Power Return On Asset

Algonquin Return On Asset Driver Correlations

Algonquin Total Assets

Total Assets

19.19 Billion

Algonquin Return On Asset Peer Comparison

Algonquin Power Current Valuation Drivers

Algonquin Fundamentals

About Algonquin Power Fundamental Analysis

Algonquin Power Investors Sentiment

Pair Trading with Algonquin Power

Complementary Tools for Algonquin Stock analysis

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