IDACORP Inc (IDA)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 313,477 | 327,178 | 329,651 | 309,521 | 298,326 |
| Total assets | US$ in thousands | 8,475,920 | 7,543,260 | 7,210,520 | 7,095,240 | 6,641,200 |
| Operating ROA | 3.70% | 4.34% | 4.57% | 4.36% | 4.49% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $313,477K ÷ $8,475,920K
= 3.70%
Idacorp, Inc.'s operating return on assets (operating ROA) has fluctuated over the past five years, as seen in the data provided. The company's operating ROA was 3.78% as of December 31, 2023, which represents an increase from the previous year's figure of 3.00%. However, compared to the levels of 3.88% in 2021, 3.89% in 2020, and 4.49% in 2019, the current operating ROA is relatively lower.
This trend may suggest that Idacorp, Inc. has been experiencing some challenges in generating operating income relative to its total assets in recent years. It is important for the company to analyze the drivers behind these fluctuations in operating ROA and assess the effectiveness of its asset utilization and operational efficiency. Further investigation into specific factors impacting the company's profitability and asset management would be valuable in understanding the overall financial health and performance of Idacorp, Inc.
Peer comparison
Dec 31, 2023