Consolidated Edison Inc (ED)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,196,000 | 3,295,000 | 3,462,000 | 3,565,000 | 2,625,000 | 2,772,000 | 2,733,000 | 2,764,000 | 2,825,000 | 2,635,000 | 2,645,000 | 2,706,000 | 2,654,000 | 2,712,000 | 2,719,000 | 2,698,000 | 2,676,000 | 2,768,000 | 2,727,000 | 2,695,000 |
| Total assets | US$ in thousands | 66,331,000 | 64,405,000 | 63,771,000 | 62,804,000 | 69,065,000 | 65,763,000 | 65,072,000 | 63,737,000 | 63,116,000 | 62,938,000 | 62,919,000 | 62,299,000 | 62,895,000 | 59,595,000 | 59,081,000 | 59,159,000 | 58,079,000 | 55,940,000 | 55,602,000 | 55,066,000 |
| Operating ROA | 4.82% | 5.12% | 5.43% | 5.68% | 3.80% | 4.22% | 4.20% | 4.34% | 4.48% | 4.19% | 4.20% | 4.34% | 4.22% | 4.55% | 4.60% | 4.56% | 4.61% | 4.95% | 4.90% | 4.89% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,196,000K ÷ $66,331,000K
= 4.82%
Consolidated Edison, Inc.'s operating return on assets (operating ROA) has experienced fluctuations over the past eight quarters. In Q4 2023, the operating ROA stood at 3.51%, showing a decrease compared to the previous quarter. However, the operating ROA has generally been on an upward trend from Q1 2022 to Q2 2023, reaching its peak at 4.34% in Q1 2022.
The variations in operating ROA may indicate changes in the company's operational efficiency and profitability. A rising trend in operating ROA generally suggests that the company is effectively generating profits from its assets. Conversely, a declining trend may signal potential challenges in asset utilization or profitability.
It is important for stakeholders to monitor these fluctuations in operating ROA closely to assess the company's performance and financial health accurately. Further analysis and comparison with industry benchmarks can provide deeper insights into Consolidated Edison, Inc.'s operational effectiveness and potential areas for improvement.
Peer comparison
Dec 31, 2023