Chesapeake Utilities Corporation (CPK)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 118,600 | 87,212 | 89,796 | 83,466 | 71,498 |
| Total assets | US$ in thousands | 3,577,000 | 3,304,700 | 2,215,040 | 2,114,870 | 1,932,490 |
| ROA | 3.32% | 2.64% | 4.05% | 3.95% | 3.70% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $118,600K ÷ $3,577,000K
= 3.32%
The return on assets (ROA) for Chesapeake Utilities Corporation has shown a varied trend over the years, starting at 3.70% on December 31, 2020 and gradually increasing to 4.05% by December 31, 2022. However, there was a decline in ROA to 2.64% by December 31, 2023, followed by a moderate recovery to 3.32% by December 31, 2024.
The company's ROA indicates the efficiency of utilizing its assets to generate profits. Overall, Chesapeake Utilities Corporation has maintained a relatively stable ROA, indicating a moderate ability to generate earnings from its asset base during the period under review. Further analysis of the company's operational efficiency and profitability drivers may provide insights into the fluctuations observed in the ROA during these specific years.
Peer comparison
Dec 31, 2024