Evergy Inc. Common Stock (EVRG)

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	731,300	680,800	757,400	772,800	752,700	798,600	819,800	810,600	879,700	877,300	792,400	740,500	618,300	631,200	633,500	639,800	669,900	624,500	612,700	574,800
Total assets	US$ in thousands	30,976,100	30,616,000	30,277,100	29,685,900	29,489,900	29,247,600	29,188,800	28,739,900	28,520,500	28,182,100	28,008,800	28,020,100	27,114,800	26,881,200	26,250,400	26,184,700	25,975,900	25,907,500	25,718,400	26,060,700
ROA		2.36%	2.22%	2.50%	2.60%	2.55%	2.73%	2.81%	2.82%	3.08%	3.11%	2.83%	2.64%	2.28%	2.35%	2.41%	2.44%	2.58%	2.41%	2.38%	2.21%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $731,300K ÷ $30,976,100K
= 2.36%

The return on assets (ROA) of Evergy Inc has displayed fluctuating trends over the past eight quarters, ranging from a low of 2.22% in Q3 2023 to a high of 2.82% in Q1 2022. The ROA measures the company's ability to generate profits relative to its total assets, indicating how efficiently the company is utilizing its assets to generate earnings.

The declining trend in ROA from Q1 2022 to Q3 2023 suggests potential inefficiencies or challenges in asset utilization or profitability during this period. However, it is worth noting that the ROA rebounded slightly in Q4 2023 to 2.36%, indicating a possible improvement in asset efficiency or profitability.

Overall, Evergy Inc's ROA performance indicates a moderate level of efficiency in generating profits from its assets, with room for potential optimization in asset utilization to enhance overall profitability in the future. Tracking the ROA over time can help investors and stakeholders assess the company's financial health and efficiency in utilizing its assets effectively.