Atmos Energy Corporation (ATO)

Operating return on assets (Operating ROA)

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	1,355,362	1,324,432	1,273,418	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
Total assets	US$ in thousands	25,194,500	24,891,300	24,004,600	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
Operating ROA		5.38%	5.32%	5.30%	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%

September 30, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,355,362K ÷ $25,194,500K
= 5.38%

The operating return on assets (operating ROA) of Atmos Energy Corporation has shown a relatively stable trend over the past eight quarters, ranging from 4.14% to 5.38%. The operating ROA peaked at 5.38% in September 2024 and hit its lowest point at 4.14% in December 2022.

Overall, the operating ROA for Atmos Energy Corporation has been generally above 4%, indicating that the company generates a reasonable level of operating income relative to its total assets. Investors and stakeholders may view this performance positively as it reflects the company's ability to efficiently utilize its assets to generate operating profits. It is important for Atmos Energy to sustain or improve its operating ROA over time to demonstrate continued operational efficiency and profitability.