American States Water Company (AWR)

Return on assets (ROA)

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income US$ in thousands 124,921 78,396 94,347 86,425 84,342
Total assets US$ in thousands 2,246,120 2,034,370 1,900,980 1,791,600 1,641,330
ROA 5.56% 3.85% 4.96% 4.82% 5.14%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $124,921K ÷ $2,246,120K
= 5.56%

American States Water Co.'s return on assets (ROA) has fluctuated over the past five years. The ROA increased from 4.81% in 2020 to 4.95% in 2021, indicating improved asset utilization. However, there was a slight decline in ROA to 3.84% in 2022 before rebounding to 5.55% in 2023. This increase in 2023 suggests enhanced profitability relative to its asset base. Overall, the company has demonstrated the ability to generate varying levels of returns on its assets, with a recent uptick in performance.


Peer comparison

Dec 31, 2023