California Water Service Group (CWT)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 249,281 | 238,448 | 215,174 | 174,268 | 65,237 | 70,111 | 91,583 | 102,923 | 127,660 | 111,826 | 118,032 | 132,989 | 126,770 | 141,351 | 176,261 | 146,508 | 136,666 | 131,988 | 77,493 | 92,013 |
| Total assets | US$ in thousands | 5,180,280 | 5,014,910 | 4,871,240 | 4,780,830 | 4,700,850 | 4,041,360 | 3,990,200 | 3,886,860 | 3,850,750 | 3,806,400 | 3,682,750 | 3,639,240 | 3,623,270 | 3,679,690 | 3,548,750 | 3,471,470 | 3,394,250 | 3,506,430 | 3,359,930 | 3,240,840 |
| Operating ROA | 4.81% | 4.75% | 4.42% | 3.65% | 1.39% | 1.73% | 2.30% | 2.65% | 3.32% | 2.94% | 3.20% | 3.65% | 3.50% | 3.84% | 4.97% | 4.22% | 4.03% | 3.76% | 2.31% | 2.84% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $249,281K ÷ $5,180,280K
= 4.81%
The operating return on assets (ROA) for California Water Service Group has shown fluctuations over the observed period. From March 31, 2020, to December 31, 2024, the operating ROA ranged from a low of 1.39% to a high of 4.81%.
During this period, there were periods of improvement in operating ROA, such as the upward trend observed from March 31, 2021 (4.22%) to December 31, 2024 (4.81%). This indicates the company's ability to generate operating income relative to its assets.
However, there were also periods of decline in operating ROA, such as from June 30, 2021 (4.97%) to September 30, 2021 (3.84%). These variations suggest changes in the company's operational efficiency and profitability over time.
Overall, the trend in California Water Service Group's operating ROA reveals both positive and negative fluctuations, reflecting the company's performance in utilizing its assets to generate operating income. Continued monitoring and analysis of operating ROA can provide insights into the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2024