H2O America (HTO)
Operating return on assets (Operating ROA)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 181,781 | 178,486 | 170,503 | 163,329 | 161,582 | 152,170 | 149,435 | 163,327 | 144,323 | 139,567 | 130,978 | 112,260 | 108,432 | 114,669 | 111,159 | 103,782 | 111,891 | 115,322 | 117,670 | 99,396 |
| Total assets | US$ in thousands | 4,846,930 | 4,728,810 | 4,658,310 | 4,552,300 | 4,439,430 | 4,367,510 | 4,345,070 | 3,843,430 | 3,712,160 | 3,652,500 | 3,755,060 | 3,604,700 | 3,541,050 | 3,511,880 | 3,492,400 | 3,469,740 | 3,409,520 | 3,332,140 | 3,311,460 | 3,259,710 |
| Operating ROA | 3.75% | 3.77% | 3.66% | 3.59% | 3.64% | 3.48% | 3.44% | 4.25% | 3.89% | 3.82% | 3.49% | 3.11% | 3.06% | 3.27% | 3.18% | 2.99% | 3.28% | 3.46% | 3.55% | 3.05% |
June 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $181,781K ÷ $4,846,930K
= 3.75%
The operating return on assets (ROA) for H2O America displayed notable fluctuations over the analyzed period, reflecting changes in operational efficiency and asset utilization. Starting from 3.05% as of September 30, 2020, the metric experienced a gradual upward trend, reaching a peak of 4.25% on September 30, 2023. This upward trajectory indicates an improvement in the company's ability to generate operating income relative to its assets over this timeframe.
Between September 30, 2020, and September 30, 2023, the operating ROA exhibited a generally positive trend, with some minor fluctuations. The increase during this period suggests enhancements in operational performance or better management of assets. Specifically, the ROA rose steadily from 3.05% to 4.25%, representing nearly a 40% increase relative to its initial level within this timeframe.
Subsequent to the peak in September 2023, there was a slight decline observed by December 31, 2023, when the operating ROA decreased to 3.44%. Despite this dip, the ratio remained above earlier levels, indicating resilience in operational performance. The ongoing data up to June 30, 2025, shows the ROA maintaining a level around 3.75% to 3.89%, with a minor decrease in the latest quarter (September 30, 2024) to 3.59%, then slightly rising again towards 3.75% by mid-2025.
Overall, the trend suggests that H2O America's operational efficiency improved considerably over the observed period, reaching a peak in late 2023. The subsequent slight decline does not indicate a significant deterioration but points to potential short-term fluctuations. The company's ability to sustain an operating ROA in the mid-3% range signifies steady operational performance, with positive momentum evident up to the most recent data.
Peer comparison
Jun 30, 2025