Atmos Energy Corporation (ATO)

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	1,145,066	1,067,147	1,018,479	1,003,813	966,307	920,982	906,544	885,347	882,019	904,998	914,879	920,524	870,158	824,099	812,969	796,136	762,375	746,058	746,972	749,090
Total assets	US$ in thousands	23,684,200	22,517,000	21,771,500	21,311,900	23,366,200	22,193,000	21,655,500	21,271,100	20,545,800	19,608,700	19,315,400	19,408,800	16,475,900	15,359,000	14,871,000	14,716,400	14,388,100	13,367,600	12,881,100	12,675,000
Operating ROA		4.83%	4.74%	4.68%	4.71%	4.14%	4.15%	4.19%	4.16%	4.29%	4.62%	4.74%	4.74%	5.28%	5.37%	5.47%	5.41%	5.30%	5.58%	5.80%	5.91%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,145,066K ÷ $23,684,200K
= 4.83%

Operating ROA is a key profitability ratio that indicates how well a company generates earnings from its assets used in its core operations. The data for Atmos Energy Corp. shows that the operating ROA has been relatively stable over the past eight quarters, ranging from 4.14% to 4.83%.

The trend of operating ROA for Atmos Energy Corp. remained generally positive over this period, with minor fluctuations. This demonstrates the company's consistent ability to efficiently utilize its assets to generate operating income. The highest operating ROA of 4.83% in Q1 2024 indicates the company's peak performance in terms of generating profit from its operational assets.

Overall, the operating ROA of Atmos Energy Corp. shows a healthy profitability trend, reflecting the company's operational efficiency and effectiveness in utilizing its assets to generate earnings.