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.