Atmos Energy Corporation (ATO)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	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	5,750,220	5,642,000	5,508,100
ROE		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%	8.89%	8.72%	8.76%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $925,294K ÷ $11,273,200K
= 8.21%

Atmos Energy Corp.'s return on equity (ROE) has been relatively stable over the past eight quarters, ranging from 7.91% to 8.22%. The company's ROE for Q1 2024 of 8.20% is slightly higher than the ROE in the previous quarter, indicating a modest improvement in the company's ability to generate profits from shareholders' equity. Overall, Atmos Energy Corp. has maintained a consistent ROE performance, reflecting its efficient utilization of shareholder funds to generate earnings. It is essential for the company to continue monitoring and managing its ROE to ensure sustained profitability and value creation for its shareholders.