IDACORP Inc (IDA)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 289,174 | 261,195 | 258,982 | 245,550 | 237,417 |
| Total assets | US$ in thousands | 9,239,360 | 8,475,920 | 7,543,260 | 7,210,520 | 7,095,240 |
| ROA | 3.13% | 3.08% | 3.43% | 3.41% | 3.35% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $289,174K ÷ $9,239,360K
= 3.13%
Based on the provided data, IDACORP Inc's return on assets (ROA) has shown a generally stable trend over the five-year period from December 31, 2020, to December 31, 2024. The ROA increased from 3.35% in 2020 to 3.41% in 2021 and further to 3.43% in 2022, indicating an improvement in the company's ability to generate profits from its assets during those years.
However, there was a slight decline in ROA to 3.08% in 2023 before recovering slightly to 3.13% in 2024. This dip in 2023 suggests that the company may have faced challenges or experienced lower profitability relative to its asset base during that period.
Overall, IDACORP Inc's ROA performance demonstrates a consistent ability to generate a positive return on its assets, although fluctuations in ROA over the years may indicate changing efficiency or profitability levels within the company's operations. It is important for investors and stakeholders to monitor these fluctuations and understand the factors driving them in order to assess the company's financial health and future prospects accurately.
Peer comparison
Dec 31, 2024