IDACORP Inc (IDA)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 261,195 | 258,982 | 245,550 | 237,417 | 232,854 |
| Total assets | US$ in thousands | 8,475,920 | 7,543,260 | 7,210,520 | 7,095,240 | 6,641,200 |
| ROA | 3.08% | 3.43% | 3.41% | 3.35% | 3.51% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $261,195K ÷ $8,475,920K
= 3.08%
Based on the data provided, Idacorp, Inc.'s return on assets (ROA) has shown a slight fluctuation over the past five years. The ROA for the most recent year ending on December 31, 2023, was 3.08%, which represents a decrease compared to the previous year's ROA of 3.43%.
While the ROA has varied slightly year over year, it has generally remained within a narrow range between 3.08% and 3.51%. This indicates that Idacorp, Inc. has been able to generate a consistent level of earnings relative to its total assets over the period under review.
It is important for investors and stakeholders to further analyze the factors influencing Idacorp, Inc.'s ROA fluctuations to determine the efficiency of the company in generating profits from its assets and to assess its overall financial performance.
Peer comparison
Dec 31, 2023