IDACORP Inc (IDA)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 327,839 | 313,477 | 327,178 | 329,651 | 309,521 |
| Total assets | US$ in thousands | 9,239,360 | 8,475,920 | 7,543,260 | 7,210,520 | 7,095,240 |
| Operating ROA | 3.55% | 3.70% | 4.34% | 4.57% | 4.36% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $327,839K ÷ $9,239,360K
= 3.55%
Based on the provided data, IDACORP Inc's operating return on assets (operating ROA) has experienced some fluctuations over the past five years.
For the year ending December 31, 2020, the operating ROA was 4.36%, which increased slightly to 4.57% by December 31, 2021. However, there was a decline in the operating ROA to 4.34% by December 31, 2022.
The trend then took a notable turn with a significant decrease in the operating ROA to 3.70% by December 31, 2023, indicating potential challenges in generating operating income relative to the assets deployed. This decline continued into the following year, as the operating ROA further decreased to 3.55% by December 31, 2024.
The declining trend in operating ROA over the years may suggest inefficiencies in utilizing assets to generate operating income, potentially impacting the company's profitability and operational performance. IDACORP Inc may need to assess and address the factors contributing to these decreases to improve its operating efficiency and profitability in the future.
Peer comparison
Dec 31, 2024