Chesapeake Utilities Corporation (CPK)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 87,212 | 88,034 | 88,289 | 89,207 | 89,796 | 85,998 | 88,811 | 85,573 | 83,106 | 83,318 | 76,464 | 70,955 | 65,152 | 65,152 | 65,152 | 65,152 | 65,152 | 60,389 | 60,306 | 58,387 |
| 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 |
| ROA | 2.64% | 3.93% | 4.00% | 4.06% | 4.05% | 3.99% | 4.19% | 4.06% | 3.93% | 4.12% | 3.88% | 3.63% | 3.37% | 3.45% | 3.58% | 3.64% | 3.65% | 3.52% | 3.59% | 3.47% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $87,212K ÷ $3,304,700K
= 2.64%
Chesapeake Utilities Corp's return on assets (ROA) has shown a consistent trend over the past eight quarters. The company's ROA has ranged from 2.64% to 4.21%, with the latest figure at 2.64% in Q4 2023. This indicates that for every dollar of assets, the company generated a net income ranging from 2.64 cents to 4.21 cents. Overall, the company's performance in terms of generating returns from its assets has been relatively stable, with some fluctuations observed, possibly due to varying economic conditions or strategic decisions made by the company.
Peer comparison
Dec 31, 2023
Company name
Symbol
ROA
Chesapeake Utilities Corporation
CPK
2.64%
ONEOK Inc
OKE
6.01%
Southwest Gas Holdings Inc
SWX
1.27%