Consolidated Edison Inc (ED)

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	2,519,000	2,375,000	2,462,000	2,491,000	1,660,000	1,694,000	1,619,000	1,529,000	1,346,000	1,165,000	1,120,000	1,145,000	1,101,000	1,353,000	1,333,000	1,295,000	1,344,000	1,380,000	1,342,000	1,378,000
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
ROA		3.80%	3.69%	3.86%	3.97%	2.40%	2.58%	2.49%	2.40%	2.13%	1.85%	1.78%	1.84%	1.75%	2.27%	2.26%	2.19%	2.31%	2.47%	2.41%	2.50%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,519,000K ÷ $66,331,000K
= 3.80%

Consolidated Edison, Inc.'s return on assets (ROA) has shown a generally positive trend over the past eight quarters, increasing from 2.40% in Q1 2022 to 3.80% in Q4 2023. This indicates that the company has been generating more profit relative to its total assets. The highest ROA was recorded in Q1 2023 at 3.97%, while the lowest was in Q4 2022 at 2.40%.

Overall, the consistent improvement in ROA suggests that Consolidated Edison, Inc. has been effectively utilizing its assets to generate profits. This could be attributed to efficient management of resources, cost control measures, revenue growth, or a combination of these factors. The upward trend in ROA is a positive indicator of the company's operational efficiency and financial performance.