American States Water Company (AWR)

Return on equity (ROE)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands 119,268 124,921 78,396 94,347 86,425
Total stockholders’ equity US$ in thousands 920,051 776,109 709,549 685,947 641,673
ROE 12.96% 16.10% 11.05% 13.75% 13.47%

December 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $119,268K ÷ $920,051K
= 12.96%

Based on the provided data, American States Water Company's Return on Equity (ROE) has fluctuated over the past five years. In 2020, the ROE was 13.47%, which increased slightly to 13.75% in 2021. However, there was a decrease in 2022 where ROE dropped to 11.05%. The following year, in 2023, the ROE increased significantly to 16.10%, indicating improved profitability. In 2024, the ROE decreased to 12.96%.

Overall, American States Water Company's ROE has shown variability, with some years displaying stronger returns than others. It is important for investors and analysts to further investigate the factors contributing to these fluctuations in order to assess the company's financial performance and sustainability.