Allete Other Operating Expenses from 2010 to 2024

ALE Stock  USD 64.93  0.58  0.90%   
Allete's Other Operating Expenses is increasing over the years with slightly volatile fluctuation. Other Operating Expenses is expected to dwindle to about 1.1 B. Other Operating Expenses is expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production. View All Fundamentals
 
Other Operating Expenses  
First Reported
1994-03-31
Previous Quarter
325.1 M
Current Value
361.9 M
Quarterly Volatility
79.6 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Allete financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Allete's main balance sheet or income statement drivers, such as Interest Expense of 84.8 M, Total Revenue of 1.1 B or Gross Profit of 453.3 M, as well as many indicators such as Price To Sales Ratio of 0.99, Dividend Yield of 0.0611 or PTB Ratio of 0.94. Allete financial statements analysis is a perfect complement when working with Allete Valuation or Volatility modules.
  
Check out the analysis of Allete Correlation against competitors.

Latest Allete's Other Operating Expenses Growth Pattern

Below is the plot of the Other Operating Expenses of Allete Inc over the last few years. Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Allete Inc. It is also known as Allete overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. It is expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production. Allete's Other Operating Expenses historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Allete's overall financial position and show how it may be relating to other accounts over time.
Other Operating Expenses10 Years Trend
Slightly volatile
   Other Operating Expenses   
       Timeline  

Allete Other Operating Expenses Regression Statistics

Arithmetic Mean1,086,304,800
Geometric Mean1,046,696,266
Coefficient Of Variation26.89
Mean Deviation220,622,187
Median1,060,700,000
Standard Deviation292,125,428
Sample Variance85337.3T
Range1.2B
R-Value0.77
Mean Square Error37089.7T
R-Squared0.60
Significance0.0007
Slope50,446,443
Total Sum of Squares1194721.7T

Allete Other Operating Expenses History

20241.1 B
20231.7 B
20221.4 B
20211.3 B
2020B
20191.1 B
20181.3 B

About Allete Financial Statements

Allete stakeholders use historical fundamental indicators, such as Allete's Other Operating Expenses, to determine how well the company is positioned to perform in the future. Although Allete investors may analyze each financial statement separately, they are all interrelated. For example, changes in Allete's assets and liabilities are reflected in the revenues and expenses on Allete's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Allete Inc. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Other Operating Expenses1.7 B1.1 B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Allete Inc is a strong investment it is important to analyze Allete's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allete's future performance. For an informed investment choice regarding Allete Stock, refer to the following important reports:
Check out the analysis of Allete Correlation against competitors.
You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Is Electric Utilities space 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 Allete. If investors know Allete 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 Allete 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
(0.48)
Dividend Share
2.793
Earnings Share
3.12
Revenue Per Share
27.217
Quarterly Revenue Growth
0.075
The market value of Allete Inc is measured differently than its book value, which is the value of Allete that is recorded on the company's balance sheet. Investors also form their own opinion of Allete's value that differs from its market value or its book value, called intrinsic value, which is Allete'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 Allete's market value can be influenced by many factors that don't directly affect Allete'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 Allete's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allete is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allete'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.