Atmos Energy Corporation (ATO)

Return on assets (ROA)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Net income	US$ in thousands	1,042,900	885,862	774,398	665,563	601,443
Total assets	US$ in thousands	25,194,500	22,517,000	22,193,000	19,608,700	15,359,000
ROA		4.14%	3.93%	3.49%	3.39%	3.92%

September 30, 2024 calculation

ROA = Net income ÷ Total assets
= $1,042,900K ÷ $25,194,500K
= 4.14%

Atmos Energy Corporation's return on assets (ROA) has shown a generally positive trend over the past five years. The ROA increased from 3.92% in 2020 to 4.14% in 2024, indicating an improvement in the company's ability to generate profits from its assets.

The ROA for 2021 was 3.39%, which was slightly lower compared to the previous year. However, the company managed to bounce back in 2022 with an ROA of 3.49%, showing a recovery in its asset efficiency.

In 2023 and 2024, Atmos Energy Corporation's ROA continued to strengthen, reaching 3.93% and 4.14% respectively. This upward trend suggests that the company is effectively utilizing its assets to generate returns for its shareholders.

Overall, Atmos Energy Corporation's ROA performance indicates a consistent improvement in asset utilization and profitability over the past five years, which is a positive sign for the company's financial health and operational efficiency.