Eversource Energy (ES)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	2,399,340	2,198,150	1,993,300	1,988,730	1,590,490
Total assets	US$ in thousands	55,612,200	53,230,900	48,492,100	46,099,600	41,123,900
Operating ROA		4.31%	4.13%	4.11%	4.31%	3.87%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $2,399,340K ÷ $55,612,200K
= 4.31%

Eversource Energy's operating return on assets (operating ROA) has exhibited some fluctuations over the past five years. The trend shows a slight increase from 4.11% in 2021 to 4.13% in 2022, followed by a peak of 4.45% in 2019, and subsequently declining to 4.31% in both 2020 and 2023. This indicates that the company's ability to generate operating income from its assets has been relatively stable, albeit with minor variations. It is crucial for Eversource Energy to closely monitor and analyze these fluctuations to ensure sustainable and efficient utilization of its assets for continued profitability.