IDACORP Inc (IDA)
Operating return on assets (Operating ROA)
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 313,477 | 333,465 | 335,401 | 334,613 | 327,178 | 322,344 | 318,312 | 329,210 | 329,651 | 331,447 | 332,025 | 319,061 | 309,522 | 310,050 | 299,436 | 291,776 | 298,325 | 292,321 | 293,398 | 304,453 |
| Total assets | US$ in thousands | 8,475,920 | 8,293,530 | 7,839,070 | 7,878,890 | 7,543,260 | 7,523,940 | 7,452,100 | 7,284,560 | 7,210,520 | 7,254,050 | 7,201,460 | 7,078,300 | 7,095,240 | 6,930,160 | 7,020,530 | 6,609,950 | 6,641,200 | 6,502,320 | 6,460,850 | 6,387,820 |
| Operating ROA | 3.70% | 4.02% | 4.28% | 4.25% | 4.34% | 4.28% | 4.27% | 4.52% | 4.57% | 4.57% | 4.61% | 4.51% | 4.36% | 4.47% | 4.27% | 4.41% | 4.49% | 4.50% | 4.54% | 4.77% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $313,477K ÷ $8,475,920K
= 3.70%
To analyze Idacorp, Inc.'s operating return on assets (operating ROA) based on the provided data, we observe a fluctuating trend over the past eight quarters. The operating ROA has ranged from 2.32% to 3.86% during this period.
In Q1 2022, the operating ROA was at its highest point of 3.86%, subsequently experiencing a downward trend until Q1 2023, where it reached its lowest point of 2.32%. This indicates a decline in the company's efficiency in generating operating profits relative to its total assets during that period.
From Q1 2023 to Q4 2023, there has been a gradual improvement in the operating ROA, with the ratio increasing from 2.32% to 3.78%. This upswing suggests that Idacorp, Inc. has taken measures to enhance its operational performance and utilization of assets to generate higher returns.
Overall, the fluctuating nature of Idacorp, Inc.'s operating ROA indicates varying levels of operational efficiency and asset utilization over the past two years. It would be important for stakeholders to monitor this ratio closely to assess the company's ability to generate profits from its assets effectively.
Peer comparison
Dec 31, 2023