Chesapeake Utilities Corporation (CPK)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 118,600 | 107,274 | 99,174 | 97,036 | 87,212 | 88,034 | 88,289 | 89,207 | 89,796 | 86,358 | 89,171 | 85,933 | 83,466 | 83,106 | 79,892 | 77,035 | 71,499 | 71,709 | 68,069 | 65,417 |
| Total assets | US$ in thousands | 3,577,000 | 3,467,190 | 3,380,750 | 3,331,880 | 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 |
| ROA | 3.32% | 3.09% | 2.93% | 2.91% | 2.64% | 3.93% | 4.00% | 4.06% | 4.05% | 4.00% | 4.21% | 4.07% | 3.95% | 4.11% | 4.05% | 3.94% | 3.70% | 3.80% | 3.74% | 3.66% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $118,600K ÷ $3,577,000K
= 3.32%
Chesapeake Utilities Corporation has shown a fluctuating trend in its return on assets (ROA) over the past years. The ROA has generally been in the range of 3.6% to 4.2% from March 2020 to June 2023, indicating a relatively stable performance in generating profits relative to its total assets during that period.
However, there was a noticeable decline in ROA to 2.64% by December 2023, followed by a slight recovery to 3.32% by the end of December 2024. This drop in ROA suggests a potential decrease in the company's efficiency in utilizing its assets to generate earnings during that specific period.
It would be crucial for stakeholders to further investigate the factors contributing to the fluctuation in ROA, especially the decline observed in the later part of 2023, to assess the company's overall financial performance and sustainability. Additional analysis and comparison with industry peers may provide valuable insights into Chesapeake Utilities Corporation's asset management efficiency and profitability prospects.
Peer comparison
Dec 31, 2024