Avista Corporation (AVA)

Return on assets (ROA)

		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	171,180	165,001	144,487	138,456	155,176	128,097	148,261	150,882	147,334	155,192	145,702	149,081	129,488	121,529	121,743	129,609	196,979	192,046	197,075	197,333
Total assets	US$ in thousands	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	6,082,460	5,964,780	5,877,930	5,889,980
ROA		2.22%	2.21%	1.96%	1.87%	2.09%	1.82%	2.14%	2.14%	2.15%	2.31%	2.19%	2.33%	2.02%	1.93%	1.93%	2.10%	3.24%	3.22%	3.35%	3.35%

December 31, 2023 calculation

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

Avista Corp.'s return on assets (ROA) fluctuated over the past eight quarters. The ROA ranged from 1.87% to 2.22% during this period. In Q4 2023, the ROA was 2.22%, an increase from the previous quarter's 2.21%. This suggests that Avista Corp. generated $2.22 in net income for every $100 of assets it holds in the latest quarter. The ROA performance in Q4 2023 was higher compared to Q3 2023, indicating potentially improved asset utilization efficiency. However, it's important to note that the ROA metric alone may not provide a complete picture of the company's overall financial health and should be analyzed in conjunction with other financial metrics.