H2O America (HTO)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 93,967 | 84,987 | 73,828 | 60,478 | 61,515 |
| Total assets | US$ in thousands | 4,658,310 | 4,345,070 | 3,755,060 | 3,492,400 | 3,311,460 |
| ROA | 2.02% | 1.96% | 1.97% | 1.73% | 1.86% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $93,967K ÷ $4,658,310K
= 2.02%
The return on assets (ROA) of H2O America has demonstrated a generally stable trend over the period from December 31, 2020, through December 31, 2024. Specifically, the ROA decreased modestly from 1.86% at the end of 2020 to 1.73% at the close of 2021, indicating a slight reduction in the company's efficiency in generating profits from its assets during that year. Subsequently, the ROA increased to 1.97% at the end of 2022, reflecting an improvement in asset utilization and profitability. This upward movement was maintained into 2023, with the ROA reaching 1.96%, a marginal decline from the previous year. By the end of 2024, the ROA further increased to 2.02%, surpassing the initial 2020 level and indicating a modest enhancement in overall asset efficiency.
Overall, the trend suggests that H2O America's asset profitability exhibited minor fluctuations over the four-year span, with a slight overall upward trajectory in the latter years. The consistent proximity of the ROA figures above 1.7% underscores a stable ability to generate profit relative to its total assets, with incremental improvements suggesting potential operational efficiencies or profit margin enhancements in recent periods.
Peer comparison
Dec 31, 2024