California Water Service Group (CWT)

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	190,807	201,276	175,034	144,039	51,788	41,229	62,663	72,591	96,011	79,945	86,502	105,243	101,125	113,119	147,050	114,106	96,831	92,670	38,734	50,449
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
ROA		3.68%	4.01%	3.59%	3.01%	1.10%	1.02%	1.57%	1.87%	2.49%	2.10%	2.35%	2.89%	2.79%	3.07%	4.14%	3.29%	2.85%	2.64%	1.15%	1.56%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $190,807K ÷ $5,180,280K
= 3.68%

The return on assets (ROA) of California Water Service Group has shown fluctuations over the period analyzed. The ROA ranged from a low of 1.02% on September 30, 2023, to a high of 4.14% on June 30, 2021. The ROA generally exhibited an increasing trend from the latter part of 2020 to the middle of 2021, experiencing peaks in June and September of 2021. However, the ROA declined in the subsequent quarters of 2021 and into 2022 before showing signs of recovery in the latter part of 2023 and 2024. The ROA as of December 31, 2024, stood at 3.68%.

Overall, the ROA of California Water Service Group indicates the company's ability to generate profit from its assets, with fluctuations reflecting changes in profitability and asset utilization efficiency. Analyzing the factors contributing to these fluctuations can provide insights into the company's financial performance and efficiency in utilizing its assets to generate returns for its shareholders.