Eversource Energy (ES)

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	-429,056	1,173,928	1,183,674	1,460,114	1,412,401	1,398,935	1,332,692	1,305,350	1,228,047	1,193,286	1,256,380	1,244,092	1,212,702	1,190,785	1,163,409	942,631	916,556	897,856	868,392	1,079,658
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
ROA		-0.77%	2.09%	2.17%	2.70%	2.65%	2.71%	2.67%	2.65%	2.53%	2.49%	2.66%	2.67%	2.63%	2.74%	2.77%	2.26%	2.23%	2.26%	2.23%	2.77%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $-429,056K ÷ $55,612,200K
= -0.77%

To assess Eversource Energy's Return on Assets (ROA) over the past eight quarters, we observe fluctuations in the company's ability to generate profits from its assets. The ROA indicates how efficiently the company is utilizing its assets to generate earnings.

In Q4 2023, Eversource Energy reported a negative ROA of -0.80%, signifying that the company incurred a loss relative to its assets. This is a notable decline from the previous quarter's ROA of 2.07% in Q3 2023.

Prior to the recent decline, Eversource Energy demonstrated relatively stable performance with ROA figures ranging from 2.16% to 2.68% in the preceding quarters of 2023. These results indicate efficient asset utilization and profitability during that period.

Comparing this performance to the same quarter in the prior year (Q4 2022), where the ROA was 2.64%, we see a slight decrease in profitability. However, it is important to note that Eversource Energy maintained a consistent ROA above 2% throughout most of the analyzed periods, reflecting a generally efficient use of assets to generate returns.

Overall, while there was a recent dip in ROA in Q4 2023, Eversource Energy's historical performance suggests a relatively stable and efficient utilization of assets to generate profits over the past eight quarters. Continued monitoring of ROA trends will be essential to understand the company's financial health and operational efficiency.