American Electric Power Company Inc (AEP)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	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
Operating income (ttm)	US$ in thousands	3,556,200	3,492,900	3,069,700	3,199,400	3,482,700	3,606,300	3,783,600	3,589,100	3,411,300	3,297,800	3,133,600	3,046,400	2,987,700	2,712,200	2,727,200	2,555,500	2,592,300	2,848,700	2,559,100	2,765,100
Total assets	US$ in thousands	96,684,000	95,125,600	96,002,100	94,517,900	93,403,300	91,249,400	90,861,300	89,831,400	87,668,700	86,337,100	84,358,200	82,985,100	80,757,200	78,689,300	77,804,800	77,724,000	75,892,300	73,900,700	72,550,000	70,722,000
Operating ROA		3.68%	3.67%	3.20%	3.38%	3.73%	3.95%	4.16%	4.00%	3.89%	3.82%	3.71%	3.67%	3.70%	3.45%	3.51%	3.29%	3.42%	3.85%	3.53%	3.91%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $3,556,200K ÷ $96,684,000K
= 3.68%

Based on the data provided for American Electric Power Company Inc., the operating return on assets (operating ROA) has shown a slight fluctuation over the past eight quarters. The operating ROA ranged from 3.63% to 4.12% during this period, with a slight downward trend from Q1 2022 to Q2 2023, followed by a slight increase in Q3 and Q4 2023. Despite the fluctuations, the company has maintained a relatively stable performance in generating operating income relative to its assets. Further analysis and comparison with industry benchmarks would be beneficial to assess the company's effectiveness in utilizing its assets to generate operating profits.