Eversource Energy (ES)

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	2,399,383	2,363,118	2,389,811	2,284,718	2,198,200	2,148,714	2,074,721	2,070,757	1,993,302	1,975,239	2,053,169	2,035,219	1,988,739	1,969,605	1,917,575	1,634,920	1,590,500	1,554,900	1,511,700	1,752,100
Total assets	US$ in thousands	55,612,200	56,293,300	54,539,700	54,105,200	53,230,900	51,599,400	49,916,200	49,289,200	48,492,100	48,014,100	47,234,600	46,518,200	46,099,600	43,507,300	42,038,700	41,649,000	41,123,900	39,725,400	38,995,900	38,941,000
Operating ROA		4.31%	4.20%	4.38%	4.22%	4.13%	4.16%	4.16%	4.20%	4.11%	4.11%	4.35%	4.38%	4.31%	4.53%	4.56%	3.93%	3.87%	3.91%	3.88%	4.50%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $2,399,383K ÷ $55,612,200K
= 4.31%

The operating return on assets (operating ROA) for Eversource Energy has shown relatively stable performance over the past eight quarters, ranging between 4.13% and 4.38%. The company's ability to generate operating income from its assets has been consistent, with Q2 2023 recording the highest operating ROA of 4.38% and Q4 2022 recording the lowest at 4.13%. This indicates a moderate level of efficiency in utilizing its assets to generate operating profits. Overall, the trend suggests that Eversource Energy has been effectively managing its operations to generate returns from its asset base. It is important for the company to continue monitoring and improving its operational efficiency to maintain and potentially enhance its operating ROA in the future.