Atmos Energy Corporation (ATO)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	12,157,700	12,183,100	11,618,600	11,273,200	10,870,100	10,602,400	10,205,200	9,836,270	9,419,090	9,268,170	8,983,230	8,289,540	7,906,890	7,773,760	7,820,920	7,213,160	6,791,200	6,461,470	6,304,420	6,127,780
ROE		8.58%	8.43%	8.60%	8.21%	8.15%	7.91%	8.13%	8.10%	8.22%	8.11%	8.07%	8.41%	8.42%	8.78%	8.92%	8.88%	8.86%	9.20%	8.84%	8.69%

September 30, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,042,895K ÷ $12,157,700K
= 8.58%

Atmos Energy Corporation's return on equity (ROE) has shown stability over the past few quarters, ranging from 7.91% to 9.20%. The company's ROE for the most recent quarter, Sep 30, 2024, was 8.58%. This indicates that for every dollar of shareholders' equity invested in the company, Atmos Energy generated a return of 8.58%.

The consistency in ROE reflects the company's ability to efficiently generate profits from its shareholders' equity. While the ROE has not exhibited significant fluctuations, it is slightly below the levels seen in the earlier quarters of 2021 and 2020, where it ranged from 8.69% to 9.20%.

Overall, Atmos Energy Corporation has maintained a relatively stable ROE, suggesting efficient use of shareholders' equity to generate returns, albeit at slightly lower levels compared to previous periods. Continued monitoring of ROE trends will be important to assess the company's financial performance and the effectiveness of its operations.