California Water Service Group (CWT)

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	51,911	41,352	62,786	72,714	96,011	79,945	86,502	105,243	101,125	113,119	147,050	114,106	96,831	92,670	38,734	50,449	63,116	67,148	60,897	58,706
Total assets	US$ in thousands	4,595,530	4,041,360	3,990,200	3,886,860	4,264,810	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	3,111,310	3,023,250	2,964,600	2,900,660
ROA		1.13%	1.02%	1.57%	1.87%	2.25%	2.10%	2.35%	2.89%	2.79%	3.07%	4.14%	3.29%	2.85%	2.64%	1.15%	1.56%	2.03%	2.22%	2.05%	2.02%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $51,911K ÷ $4,595,530K
= 1.13%

The return on assets (ROA) for California Water Service Group has shown a declining trend over the past eight quarters, indicating a decreasing ability to generate profits from its assets. In Q1 2022, the ROA was at its peak of 2.89%, but it has been steadily decreasing since then. The most recent value in Q4 2023 is 1.13%, the lowest in the period analyzed. This declining trend suggests that the company may be facing challenges in effectively utilizing its assets to generate profits. It is important for the company to closely monitor and improve its asset management strategies to enhance its profitability in the future.