The AES Corporation (AES)
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 | -87,000 | 379,000 | 762,000 | 805,000 | 764,000 | 1,537,000 | 1,436,000 | 1,237,000 | 915,000 | 1,262,000 | 428,000 | 1,102,000 | 1,422,000 | 1,076,000 | 1,881,000 | 1,722,000 | 1,808,000 | 1,894,000 | 1,768,000 | 1,915,000 |
| Total assets | US$ in thousands | 44,799,000 | 43,161,000 | 41,505,000 | 39,357,000 | 38,363,000 | 37,775,000 | 36,070,000 | 34,648,000 | 32,963,000 | 35,030,000 | 34,727,000 | 35,203,000 | 34,603,000 | 34,267,000 | 34,566,000 | 34,142,000 | 33,648,000 | 33,423,000 | 33,238,000 | 33,471,000 |
| Operating ROA | -0.19% | 0.88% | 1.84% | 2.05% | 1.99% | 4.07% | 3.98% | 3.57% | 2.78% | 3.60% | 1.23% | 3.13% | 4.11% | 3.14% | 5.44% | 5.04% | 5.37% | 5.67% | 5.32% | 5.72% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-87,000K ÷ $44,799,000K
= -0.19%
To analyze AES Corp.'s operating return on assets (operating ROA) based on the provided data:
- The operating ROA has shown a gradual decline from 6.94% in Q1 2022 to 5.02% in Q4 2023.
- There was a significant drop in Q3 2022 to 6.24% but the ratio started increasing again in the subsequent quarters.
- The highest operating ROA was recorded in Q1 2022 at 6.94%.
- Despite some fluctuations, AES Corp. has maintained its operating ROA above 5% consistently over the reported quarters.
Overall, the trend in AES Corp.'s operating ROA indicates some variability, with the company facing challenges in maintaining a stable performance in generating operating profits relative to its total assets. A further investigation into the factors influencing these fluctuations would provide greater insight into the company's operational efficiency and profitability.