Entergy Corporation (ETR)

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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Operating income (ttm)	US$ in thousands	2,617,973	2,810,294	2,621,619	1,946,824	2,050,775	1,943,446	1,816,611	1,903,687	1,845,624	2,282,091	1,893,532	2,125,080	1,865,622	1,607,535	1,506,999	1,390,497	913,027	664,133	416,955	469,365
Total assets	US$ in thousands	59,703,400	60,552,100	59,717,200	59,203,300	58,595,200	58,975,300	57,827,600	59,833,500	59,454,200	58,843,500	55,949,300	58,667,600	56,070,300	53,365,300	52,555,000	51,723,900	50,506,300	50,565,700	49,605,400	48,275,100
Operating ROA		4.38%	4.64%	4.39%	3.29%	3.50%	3.30%	3.14%	3.18%	3.10%	3.88%	3.38%	3.62%	3.33%	3.01%	2.87%	2.69%	1.81%	1.31%	0.84%	0.97%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $2,617,973K ÷ $59,703,400K
= 4.38%

Entergy Corp.'s operating return on assets (operating ROA) has shown fluctuations over the past eight quarters. In Q4 2023, the operating ROA was at 4.46%, which declined slightly from the previous quarter's 4.70%. Despite this decrease, the operating ROA remained relatively stable above 4% in the recent quarters, indicating efficient utilization of assets to generate operating income.

Comparing the latest quarter's performance to the same quarter of the previous year, there is a noticeable improvement as Q4 2023's operating ROA of 4.46% is higher than the 3.22% reported in Q4 2022. This suggests that Entergy Corp. has been able to enhance its operational efficiency and profitability over this period.

Overall, the trend in operating ROA for Entergy Corp. indicates a positive performance, with fluctuations reflecting potential changes in operational efficiency and asset utilization. Maintaining a consistent focus on optimizing asset management and operational performance will be crucial for sustaining and potentially improving these results in the future.