Avista Corporation (AVA)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	171,180	155,176	147,334	129,488	196,979
Total assets	US$ in thousands	7,702,480	7,417,350	6,853,580	6,402,100	6,082,460
ROA		2.22%	2.09%	2.15%	2.02%	3.24%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $171,180K ÷ $7,702,480K
= 2.22%

Avista Corp.'s return on assets (ROA) has shown some fluctuations over the past five years. In 2023, the ROA stands at 2.22%, a slight increase from the previous year's 2.09%. Despite this improvement, the ROA in 2023 remains below the 2019 level of 3.24%, indicating a decline in asset efficiency over the last few years. It is essential for the company to assess the factors influencing its ROA to enhance asset utilization and profitability in the future.