H2O America (HTO)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 102,798 | 98,819 | 93,967 | 89,996 | 87,566 | 85,156 | 84,987 | 99,537 | 88,349 | 81,373 | 73,580 | 57,967 | 52,001 | 61,573 | 60,490 | 55,888 | 62,989 | 61,828 | 61,591 | 42,821 |
| 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 |
| ROA | 2.12% | 2.09% | 2.02% | 1.98% | 1.97% | 1.95% | 1.96% | 2.59% | 2.38% | 2.23% | 1.96% | 1.61% | 1.47% | 1.75% | 1.73% | 1.61% | 1.85% | 1.86% | 1.86% | 1.31% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $102,798K ÷ $4,846,930K
= 2.12%
The analysis of H2O America's return on assets (ROA) over the specified period reveals a trend of gradual improvement with some fluctuations. Starting from a ROA of 1.31% as of September 30, 2020, the metric increased notably to 1.86% by December 31, 2020, maintaining this level through March and June 2021. During this period, the ROA remained relatively stable, indicating steady efficiency in generating profits from assets.
Subsequent quarters saw some variability: the ROA dipped slightly to 1.61% as of September 30, 2021, but rebounded to 1.73% by the end of 2021. In 2022, the ROA hovered around 1.75% in the first quarter, but declined to 1.47% by June, then recovered to approximately 1.61% at the end of the year. This fluctuation suggests some temporary shifts in asset utilization or profitability.
A more pronounced upward trend began in early 2023, with the ROA increasing to 2.23% by March and further rising to 2.38% by June 2023. This upward momentum continued into the third quarter of 2023, reaching approximately 2.59%. This indicates a notable improvement in asset efficiency and profit generation relative to the company's asset base.
The subsequent data for late 2023 and mid-2024 shows a slight decline from 2.59% in September 2023 to around 1.96% in December 2023, followed by marginal increases in early 2024. Moving into 2025, the ROA continues to trend upward gradually, reaching approximately 2.09% in March, and further increasing to around 2.12% by June 2025.
Overall, the company's ROA demonstrates a positive trajectory over the analyzed period, with periods of fluctuation but a clear trend toward improved efficiency in utilization of assets for profit generation as of the most recent data. This suggests that the company has managed to enhance its operational efficiency and profitability relative to its asset base over time.
Peer comparison
Jun 30, 2025