Edison International (EIX)
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 | 1,407,000 | 1,456,000 | 1,170,000 | 1,053,000 | 824,000 | 1,043,000 | 820,000 | 889,000 | 1,043,000 | 880,000 | 889,000 | 846,000 | 739,000 | 356,000 | 1,115,000 | 1,189,000 | 1,284,000 | -289,000 | -247,000 | -363,000 |
| Total assets | US$ in thousands | 81,758,000 | 80,164,000 | 79,551,000 | 78,854,000 | 78,041,000 | 76,709,000 | 75,045,000 | 74,720,000 | 74,745,000 | 73,023,000 | 71,162,000 | 70,505,000 | 69,372,000 | 68,556,000 | 67,051,000 | 66,026,000 | 64,382,000 | 64,212,000 | 59,521,000 | 58,793,000 |
| ROA | 1.72% | 1.82% | 1.47% | 1.34% | 1.06% | 1.36% | 1.09% | 1.19% | 1.40% | 1.21% | 1.25% | 1.20% | 1.07% | 0.52% | 1.66% | 1.80% | 1.99% | -0.45% | -0.41% | -0.62% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,407,000K ÷ $81,758,000K
= 1.72%
To analyze the Return on Assets (ROA) of Edison International over the past eight quarters, we can see fluctuations in the company's ability to generate profits from its assets.
In Q4 2023, the ROA was 1.46%, which was relatively higher compared to the previous quarter at 1.54% in Q3 2023. This indicates that the company was able to generate $1.46 in profit for every $100 of assets it holds in Q4 2023.
Looking back, the ROA has shown a generally increasing trend since Q1 2022 when it was at 0.78%. This uptrend suggests that the company's efficiency in utilizing its assets to generate profits has been improving over time.
It is worth noting that in the most recent quarter, Q4 2023, the ROA of 1.46% is the highest observed in the provided data series. This could be a positive indicator of Edison International's operational performance and asset utilization efficiency during that period.
Overall, the trend of increasing ROA over the quarters indicates that the company has been able to generate more profits relative to its assets, which may suggest improved operational efficiency and financial performance.
Peer comparison
Dec 31, 2023