IDACORP Inc (IDA)

Operating return on assets (Operating ROA)

		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	Jun 30, 2020	Mar 31, 2020
Operating income (ttm)	US$ in thousands	295,327	290,855	283,434	268,635	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
Total assets	US$ in thousands	9,239,360	9,105,120	8,677,130	8,347,410	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
Operating ROA		3.20%	3.19%	3.27%	3.22%	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%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $295,327K ÷ $9,239,360K
= 3.20%

The operating return on assets (operating ROA) of IDACORP Inc has shown fluctuations over the periods from March 31, 2020, to December 31, 2024. The operating ROA ranged from a low of 3.19% in September 30, 2024, to a high of 4.61% in June 30, 2021.

Overall, the operating ROA of IDACORP Inc has generally been above 4% throughout the analyzed period, indicating that the company has been generating profits from its operations relative to its total assets. However, there have been slight declines in the operating ROA in recent periods, with a decrease to 3.20% by December 31, 2024.

It is important for stakeholders to further investigate the factors contributing to these fluctuations in operating ROA to understand the company's operational efficiency and profitability trends over time.