Allete Retained Earnings vs Total Stockholder Equity Analysis

ALE Stock

USD 64.93 0.58 0.90%

Allete financial indicator trend analysis is way more than just evaluating Allete Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allete Inc is a good investment. Please check the relationship between Allete Retained Earnings and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allete Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Retained Earnings vs Total Stockholder Equity

Retained Earnings vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allete Inc Retained Earnings account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Allete's Retained Earnings and Total Stockholder Equity is 0.98. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Allete Inc, assuming nothing else is changed. The correlation between historical values of Allete's Retained Earnings and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Allete Inc are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Retained Earnings i.e., Allete's Retained Earnings and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most indicators from Allete's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allete Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allete Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

At present, Allete's Tax Provision is projected to decrease significantly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Gross Profit	453.5M	446.8M	238.1M	453.3M
Total Revenue	1.4B	1.6B	1.9B	1.1B

Gross Profit Total Revenue

Allete fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Liab
Common Stock Shares Outstanding		0.94	0.92	0.44	0.69	0.95	0.93	0.91	0.9	0.65	-0.04	0.95	0.44	-0.04	0.53	0.67	0.96	0.42	-0.01	0.05	0.96	0.53	0.44	0.51	0.96	0.89
Total Assets	0.94		0.98	0.54	0.82	0.99	0.99	0.98	0.97	0.54	-0.22	1.0	0.64	-0.22	0.61	0.76	0.94	0.53	0.05	0.09	0.97	0.69	0.51	0.68	0.99	0.88
Short Long Term Debt Total	0.92	0.98		0.53	0.82	0.95	0.99	1.0	0.92	0.52	-0.23	0.99	0.6	-0.23	0.59	0.72	0.92	0.48	0.1	0.11	0.98	0.67	0.44	0.71	0.96	0.89
Other Current Liab	0.44	0.54	0.53		0.68	0.52	0.48	0.54	0.46	0.1	-0.35	0.5	0.32	-0.35	0.71	0.47	0.38	0.79	0.24	-0.28	0.52	0.36	0.75	0.44	0.55	0.41
Total Current Liabilities	0.69	0.82	0.82	0.68		0.79	0.81	0.83	0.78	0.5	-0.34	0.8	0.59	-0.34	0.49	0.66	0.61	0.69	-0.12	-0.01	0.79	0.59	0.58	0.89	0.78	0.62
Total Stockholder Equity	0.95	0.99	0.95	0.52	0.79		0.98	0.95	0.98	0.58	-0.21	0.99	0.62	-0.21	0.64	0.78	0.94	0.53	0.03	0.03	0.95	0.68	0.52	0.63	1.0	0.89
Property Plant And Equipment Net	0.93	0.99	0.99	0.48	0.81	0.98		0.99	0.97	0.56	-0.25	1.0	0.66	-0.25	0.59	0.72	0.93	0.45	0.02	0.13	0.97	0.67	0.43	0.7	0.97	0.89
Net Debt	0.91	0.98	1.0	0.54	0.83	0.95	0.99		0.93	0.49	-0.31	0.98	0.62	-0.31	0.6	0.7	0.9	0.48	0.07	0.11	0.97	0.66	0.43	0.74	0.95	0.89
Retained Earnings	0.9	0.97	0.92	0.46	0.78	0.98	0.97	0.93		0.54	-0.28	0.97	0.72	-0.28	0.58	0.77	0.9	0.5	-0.05	0.13	0.9	0.73	0.45	0.67	0.96	0.84
Accounts Payable	0.65	0.54	0.52	0.1	0.5	0.58	0.56	0.49	0.54		0.35	0.56	0.24	0.35	0.21	0.4	0.55	0.02	-0.28	-0.06	0.62	0.26	0.12	0.24	0.59	0.52
Cash	-0.04	-0.22	-0.23	-0.35	-0.34	-0.21	-0.25	-0.31	-0.28	0.35		-0.23	-0.36	1.0	-0.35	-0.14	-0.02	-0.26	0.0	-0.06	-0.12	-0.22	0.0	-0.58	-0.17	-0.25
Non Current Assets Total	0.95	1.0	0.99	0.5	0.8	0.99	1.0	0.98	0.97	0.56	-0.23		0.65	-0.23	0.59	0.74	0.94	0.47	0.03	0.12	0.97	0.68	0.45	0.68	0.98	0.9
Non Currrent Assets Other	0.44	0.64	0.6	0.32	0.59	0.62	0.66	0.62	0.72	0.24	-0.36	0.65		-0.36	0.43	0.53	0.46	0.33	-0.22	0.4	0.5	0.66	0.24	0.54	0.57	0.4
Cash And Short Term Investments	-0.04	-0.22	-0.23	-0.35	-0.34	-0.21	-0.25	-0.31	-0.28	0.35	1.0	-0.23	-0.36		-0.35	-0.14	-0.02	-0.26	0.0	-0.06	-0.12	-0.22	0.0	-0.58	-0.17	-0.25
Net Receivables	0.53	0.61	0.59	0.71	0.49	0.64	0.59	0.6	0.58	0.21	-0.35	0.59	0.43	-0.35		0.61	0.57	0.48	0.28	-0.37	0.58	0.51	0.52	0.28	0.66	0.66
Common Stock Total Equity	0.67	0.76	0.72	0.47	0.66	0.78	0.72	0.7	0.77	0.4	-0.14	0.74	0.53	-0.14	0.61		0.72	0.59	0.1	-0.12	0.71	0.92	0.45	0.51	0.77	0.7
Non Current Liabilities Total	0.96	0.94	0.92	0.38	0.61	0.94	0.93	0.9	0.9	0.55	-0.02	0.94	0.46	-0.02	0.57	0.72		0.36	0.12	0.03	0.94	0.63	0.4	0.46	0.95	0.9
Inventory	0.42	0.53	0.48	0.79	0.69	0.53	0.45	0.48	0.5	0.02	-0.26	0.47	0.33	-0.26	0.48	0.59	0.36		0.23	-0.21	0.44	0.43	0.9	0.53	0.54	0.32
Other Current Assets	-0.01	0.05	0.1	0.24	-0.12	0.03	0.02	0.07	-0.05	-0.28	0.0	0.03	-0.22	0.0	0.28	0.1	0.12	0.23		-0.24	0.08	0.05	0.26	-0.18	0.06	0.21
Other Stockholder Equity	0.05	0.09	0.11	-0.28	-0.01	0.03	0.13	0.11	0.13	-0.06	-0.06	0.12	0.4	-0.06	-0.37	-0.12	0.03	-0.21	-0.24		0.06	0.07	-0.34	0.11	-0.01	0.03
Total Liab	0.96	0.97	0.98	0.52	0.79	0.95	0.97	0.97	0.9	0.62	-0.12	0.97	0.5	-0.12	0.58	0.71	0.94	0.44	0.08	0.06		0.61	0.44	0.64	0.96	0.92
Property Plant And Equipment Gross	0.53	0.69	0.67	0.36	0.59	0.68	0.67	0.66	0.73	0.26	-0.22	0.68	0.66	-0.22	0.51	0.92	0.63	0.43	0.05	0.07	0.61		0.26	0.52	0.65	0.58
Total Current Assets	0.44	0.51	0.44	0.75	0.58	0.52	0.43	0.43	0.45	0.12	0.0	0.45	0.24	0.0	0.52	0.45	0.4	0.9	0.26	-0.34	0.44	0.26		0.34	0.55	0.28
Short Term Debt	0.51	0.68	0.71	0.44	0.89	0.63	0.7	0.74	0.67	0.24	-0.58	0.68	0.54	-0.58	0.28	0.51	0.46	0.53	-0.18	0.11	0.64	0.52	0.34		0.61	0.52
Common Stock	0.96	0.99	0.96	0.55	0.78	1.0	0.97	0.95	0.96	0.59	-0.17	0.98	0.57	-0.17	0.66	0.77	0.95	0.54	0.06	-0.01	0.96	0.65	0.55	0.61		0.9
Other Liab	0.89	0.88	0.89	0.41	0.62	0.89	0.89	0.89	0.84	0.52	-0.25	0.9	0.4	-0.25	0.66	0.7	0.9	0.32	0.21	0.03	0.92	0.58	0.28	0.52	0.9

Click cells to compare fundamentals

Allete Account Relationship Matchups

Allete fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	51.7M	51.9M	52.5M	56M	57.4M	34.7M
Total Assets	5.5B	6.1B	6.4B	6.8B	6.7B	3.8B
Short Long Term Debt Total	1.6B	1.8B	2.0B	1.9B	1.8B	1.2B
Other Current Liab	53.3M	80.6M	148.3M	268.3M	109.6M	119.7M
Total Current Liabilities	507.4M	459.6M	543.4M	716.2M	377.6M	388.7M
Total Stockholder Equity	2.2B	2.3B	2.4B	2.7B	2.8B	1.5B
Property Plant And Equipment Net	4.4B	4.9B	5.1B	5.0B	5.0B	2.7B
Net Debt	1.6B	1.8B	1.9B	1.9B	1.7B	1.1B
Retained Earnings	818.8M	864.8M	900.2M	934.8M	1.0B	556.9M
Accounts Payable	165.2M	110M	111M	103M	102.2M	88.5M
Cash	69.3M	44.3M	45.1M	36.4M	71.9M	71.9M
Non Current Assets Total	5.2B	5.8B	6.1B	6.1B	6.2B	3.4B
Non Currrent Assets Other	101.2M	665.3M	709.1M	474.5M	482.8M	250.4M
Cash And Short Term Investments	69.3M	44.3M	45.1M	36.4M	71.9M	72.1M
Net Receivables	96.4M	111.9M	123.7M	137.9M	137.2M	117.3M
Common Stock Total Equity	1.4B	1.5B	1.5B	1.8B	2.0B	2.2B
Liabilities And Stockholders Equity	5.5B	6.1B	6.4B	6.8B	6.1B	3.8B
Non Current Liabilities Total	2.6B	2.8B	2.9B	2.8B	3.6B	1.8B
Inventory	72.8M	74.2M	97.7M	455.9M	175.4M	184.2M
Other Current Assets	31M	24.5M	24.8M	87.8M	83.6M	71.4M
Other Stockholder Equity	104.1M	505.5M	533M	(24.4M)	(22.0M)	(20.9M)
Total Liab	3.1B	3.3B	3.5B	3.5B	3.2B	2.3B
Property Plant And Equipment Gross	4.4B	4.9B	7.2B	5.0B	7.4B	7.7B
Total Current Assets	269.5M	254.9M	291.3M	718M	468.1M	316.6M
Accumulated Other Comprehensive Income	(23.6M)	(31.1M)	(23.8M)	(24.4M)	(20.5M)	(21.5M)
Short Term Debt	219.8M	209.6M	219M	275.8M	114.8M	123.6M
Common Stock	1.4B	1.5B	1.5B	1.8B	1.8B	949.7M
Other Liab	1.2B	1.2B	1.2B	1.1B	1.3B	675.9M
Other Assets	609.1M	990M	725.5M	592.5M	681.4M	421.1M
Long Term Debt	1.4B	1.6B	1.8B	1.6B	1.7B	1.2B
Intangible Assets	74.8M	1M	800K	155.6M	155.4M	126.4M
Property Plant Equipment	4.4B	4.8B	5.1B	5.0B	5.8B	6.0B
Current Deferred Revenue	69.1M	79.2M	27.2M	150.7M	7.4M	7.0M
Net Tangible Assets	2.2B	2.3B	2.4B	2.7B	3.1B	1.9B
Good Will	148.5M	1M	(186.5M)	154.9M	178.1M	187.0M
Retained Earnings Total Equity	818.8M	864.8M	900.2M	934.8M	1.1B	716.9M
Long Term Debt Total	1.4B	1.6B	1.8B	1.6B	1.9B	1.4B

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.

RSI	Rush Street Interactive
OKTA	Okta Inc
BAC	Bank of America

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:

How To Invest In Allete

Details

Is Allete Stock a good investment?

Details

What is Allete's Net Worth?

Details

Largest Electric Utilities Companies

View

Largest Utilities - Diversified Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allete Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Allete Retained Earnings vs Total Stockholder Equity Analysis

Retained Earnings vs Total Stockholder Equity

Retained Earnings vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Retained Earnings

Total Stockholder Equity

Allete fundamental ratios Correlations

Allete Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Allete fundamental ratios Accounts

Also Currently Popular

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Common Stock	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets

Short Term Debt	- 0.58	Cash And Short Term Investments
Short Term Debt	- 0.58	Cash
Other Stockholder Equity	- 0.37	Net Receivables
Cash And Short Term Investments	- 0.36	Non Currrent Assets Other
Non Currrent Assets Other	- 0.36	Cash
Net Receivables	- 0.35	Cash And Short Term Investments