Atmos Energy Corporation (ATO)

Return on assets (ROA)

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Net income	US$ in thousands	885,862	774,398	665,563	601,443	511,406
Total assets	US$ in thousands	22,517,000	22,193,000	19,608,700	15,359,000	13,367,600
ROA		3.93%	3.49%	3.39%	3.92%	3.83%

September 30, 2023 calculation

ROA = Net income ÷ Total assets
= $885,862K ÷ $22,517,000K
= 3.93%

Atmos Energy Corp.'s return on assets (ROA) has shown a consistent trend over the past five years. The ROA has ranged from 3.39% to 3.93% during this period. This indicates that for every dollar of assets, the company has generated a net income ranging from 3.39 cents to 3.93 cents. The slight fluctuations in ROA suggest a relatively stable performance in utilizing its assets to generate profits. Although there has been a modest increase from 3.39% in 2021 to 3.93% in 2023, the company's ability to generate income from its assets remains relatively steady. This consistency in ROA may indicate effective asset management and operational efficiency, which are key factors in assessing the company's overall financial health.