Atmos Energy Corporation (ATO)

Return on assets (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
Net income (ttm)	US$ in thousands	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	511,406	491,747	482,474
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
ROA		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%	3.83%	3.82%	3.81%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $925,294K ÷ $23,684,200K
= 3.91%

To analyze Atmos Energy Corp.'s return on assets (ROA) trend based on the provided data, we can observe that the ROA has been relatively stable over the past eight quarters, ranging from 3.41% to 3.93%.

The company's ROA peaked at 3.93% in Q4 2023 and was slightly lower in Q1 2024 at 3.90%. This indicates that the company was able to generate higher profits relative to its total assets in Q4 2023 compared to the most recent quarter.

Overall, despite some fluctuations, the ROA for Atmos Energy Corp. has remained fairly consistent in the range of 3.41% to 3.93% over the past two years. This suggests that the company has been efficient in utilizing its assets to generate profits, highlighting a stable operational performance in terms of asset management.