California Water Service Group (CWT)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,638,290	1,628,590	1,544,600	1,467,430	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
ROE		11.65%	12.36%	11.33%	9.82%	3.63%	2.92%	4.51%	5.59%	7.29%	6.28%	7.19%	9.04%	8.59%	10.14%	14.75%	12.27%	10.51%	10.41%	4.95%	6.68%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $190,807K ÷ $1,638,290K
= 11.65%

The return on equity (ROE) of California Water Service Group has exhibited fluctuating trends over the analyzed period from March 31, 2020, to December 31, 2024. The ROE ranged from a low of 2.92% on September 30, 2023, to a high of 14.75% on June 30, 2021.

The ROE increased steadily from June 30, 2021, reaching its peak of 14.75%, indicating efficient utilization of shareholders' equity to generate profits. However, there was a subsequent downward trend observed from September 30, 2021, to December 31, 2023, with ROE fluctuating between 2.92% and 12.36%.

Notably, there were improvements in ROE in the later periods, with the ratio exceeding 9% from March 31, 2024, onwards, indicating enhanced profitability relative to shareholders' equity. The year-end ROE for December 31, 2024, stood at 11.65%.

Overall, while the ROE of California Water Service Group experienced fluctuations over the analyzed period, the recent trend indicates a favorable performance in terms of generating returns for shareholders relative to the equity invested.