Chesapeake Utilities Corporation (CPK)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 150,804 | 146,441 | 144,861 | 142,984 | 142,934 | 136,806 | 138,271 | 134,380 | 131,112 | 129,494 | 126,787 | 122,186 | 112,723 | 107,158 | 104,109 | 104,297 | 106,285 | 105,517 | 104,039 | 98,112 |
| Total assets | US$ in thousands | 3,304,700 | 2,240,750 | 2,204,490 | 2,197,550 | 2,215,040 | 2,157,420 | 2,117,340 | 2,109,630 | 2,114,870 | 2,021,830 | 1,972,340 | 1,953,950 | 1,932,490 | 1,888,090 | 1,822,180 | 1,788,220 | 1,783,200 | 1,714,240 | 1,681,040 | 1,682,800 |
| Operating ROA | 4.56% | 6.54% | 6.57% | 6.51% | 6.45% | 6.34% | 6.53% | 6.37% | 6.20% | 6.40% | 6.43% | 6.25% | 5.83% | 5.68% | 5.71% | 5.83% | 5.96% | 6.16% | 6.19% | 5.83% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $150,804K ÷ $3,304,700K
= 4.56%
Operating ROA is a key financial metric that evaluates a company's ability to generate profits from its operational activities relative to its total assets. Chesapeake Utilities Corp's operating ROA has shown fluctuation over the past eight quarters, with values ranging from 4.88% to 6.71%.
In general, the company's operating ROA has demonstrated a relatively stable performance, hovering around the 6% range for the majority of the periods analyzed. This indicates that Chesapeake Utilities Corp has been efficient in utilizing its assets to generate operating income.
However, there was a slight decline in operating ROA in Q4 2023 compared to the previous quarter, where the ratio dropped to 4.88%. This could suggest a potential decrease in profitability relative to the level of assets employed during that period.
It is important for stakeholders to monitor Chesapeake Utilities Corp's operating ROA over time to assess the company's operational efficiency and profitability trends. Additionally, further analysis and comparison with industry benchmarks would provide more insights into the company's financial performance.
Peer comparison
Dec 31, 2023