California Water Service Group (CWT)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,426,730	1,410,670	1,389,520	1,298,200	1,317,590	1,273,460	1,202,520	1,164,630	1,177,590	1,115,970	997,118	929,802	921,344	890,192	782,023	755,140	779,906	757,795	723,164	714,129
ROE		3.64%	2.93%	4.52%	5.60%	7.29%	6.28%	7.19%	9.04%	8.59%	10.14%	14.75%	12.27%	10.51%	10.41%	4.95%	6.68%	8.09%	8.86%	8.42%	8.22%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $51,911K ÷ $1,426,730K
= 3.64%

Looking at California Water Service Group's Return on Equity (ROE) over the past eight quarters, we observe a declining trend. The Q4 2023 ROE stands at 3.64%, which is lower compared to the previous quarters. The ROE has decreased from 7.29% in Q4 2022 to 3.64% in Q4 2023.

This decline in ROE indicates that the company's profitability in generating returns for its shareholders has been diminishing over time. It is important to delve deeper into the company's financial performance and operations to identify the factors contributing to this decreasing trend in ROE. Further analysis of the company's financial statements and business strategies may provide insights into the causes behind the declining ROE and help in making informed decisions regarding the company's future prospects.