Atmos Energy Corporation (ATO)

Return on assets (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
Net income (ttm)	US$ in thousands	1,042,895	1,027,403	999,646	925,294	885,862	838,981	829,721	797,049	774,398	751,475	725,339	697,094	665,563	682,176	697,556	640,448	601,443	594,516	557,191	532,433
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
ROA		4.14%	4.13%	4.16%	3.91%	3.93%	3.85%	3.89%	3.41%	3.49%	3.47%	3.41%	3.39%	3.39%	3.53%	3.59%	3.89%	3.92%	4.00%	3.79%	3.70%

September 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,042,895K ÷ $25,194,500K
= 4.14%

Atmos Energy Corporation's return on assets (ROA) has shown a generally stable trend over the past few quarters, ranging from 3.39% to 4.16%. ROA measures the company's efficiency in generating profits from its assets, and Atmos Energy's ROA indicates that, on average, the company is generating approximately 4.00 cents of profit for every dollar of assets it owns.

The ROA peaked at 4.16% in the March 31, 2024 quarter before slightly declining in subsequent quarters. The current ROA of 4.14% as of September 30, 2024, is a positive sign, indicating that Atmos Energy has improved its profitability compared to the previous quarter.

Overall, Atmos Energy's ROA performance demonstrates a consistent ability to generate profits relative to its asset base, showcasing effective asset management and operational efficiency. Investors may view this stable and moderately increasing ROA positively as it reflects the company's ability to utilize its assets efficiently to generate returns for its shareholders.