Avista Corporation (AVA)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 306,000 | 303,334 | 292,653 | 282,205 | 257,690 | 262,052 | 243,367 | 237,776 | 244,144 | 210,959 | 215,771 | 209,306 | 228,232 | 244,944 | 249,228 | 252,402 | 232,700 | 218,924 | 220,669 | 225,511 |
| Total assets | US$ in thousands | 7,941,000 | 7,780,880 | 7,683,770 | 7,648,980 | 7,702,480 | 7,470,030 | 7,371,320 | 7,393,930 | 7,417,350 | 7,055,800 | 6,937,710 | 7,036,010 | 6,853,580 | 6,731,480 | 6,646,300 | 6,399,500 | 6,402,100 | 6,283,130 | 6,302,620 | 6,174,000 |
| Operating ROA | 3.85% | 3.90% | 3.81% | 3.69% | 3.35% | 3.51% | 3.30% | 3.22% | 3.29% | 2.99% | 3.11% | 2.97% | 3.33% | 3.64% | 3.75% | 3.94% | 3.63% | 3.48% | 3.50% | 3.65% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $306,000K ÷ $7,941,000K
= 3.85%
Operating return on assets (Operating ROA) is a key financial ratio that measures a company's operating efficiency and profitability in generating profits from its assets. For Avista Corporation, the trend of Operating ROA over the past few years shows some fluctuations.
From March 31, 2020, to December 31, 2022, the Operating ROA ranged from 2.97% to 3.94%, demonstrating a relatively stable performance during this period. However, there was a noticeable decrease in the ratio during the second half of 2022, with Operating ROA dropping to 2.97% in March 31, 2022, and gradually recovering in subsequent quarters.
From March 31, 2023, to December 31, 2024, the Operating ROA ranged from 3.22% to 3.90%, indicating an overall improvement in profitability efficiency. The ratio showed a general upward trend during this period, reaching its peak at 3.90% on September 30, 2024.
Overall, Avista Corporation has maintained a reasonable level of operating efficiency in generating profits from its assets, with some fluctuations in the ratio over time. The company's management may need to continue monitoring and optimizing its asset utilization to sustain and enhance profitability in the future.
Peer comparison
Dec 31, 2024