Atmos Energy Corporation (ATO)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	12,157,700	10,870,100	9,419,090	7,906,890	6,791,200
ROE		8.58%	8.15%	8.22%	8.42%	8.86%

September 30, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $1,042,900K ÷ $12,157,700K
= 8.58%

Atmos Energy Corporation's Return on Equity (ROE) has been relatively stable over the past five years, ranging between 8.15% to 8.86%. The company's ROE indicates that for every dollar of shareholders' equity invested, the company generated between 8.15 cents to 8.86 cents in net income.

Although the ROE has fluctuated slightly year over year, it has generally remained within a narrow range. This stability in ROE suggests that Atmos Energy Corporation has been able to maintain a consistent level of profitability relative to its shareholders' equity.

However, when analyzing the ROE trend over the five-year period, there is a slight downward trend from 8.86% in 2020 to 8.58% in 2024. This may indicate a potential decrease in the company's efficiency in generating profits from its equity over time.

Overall, while Atmos Energy Corporation's ROE has been consistent, management may need to focus on improving the efficiency of utilizing shareholders' equity to generate higher returns in the future.