IDACORP Inc (IDA)

Return on assets (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
Net income (ttm)	US$ in thousands	261,195	271,990	273,106	268,819	258,981	249,725	241,242	246,978	245,549	250,258	254,392	244,758	237,417	247,046	234,891	227,658	232,854	211,858	224,213	233,345
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
ROA		3.08%	3.28%	3.48%	3.41%	3.43%	3.32%	3.24%	3.39%	3.41%	3.45%	3.53%	3.46%	3.35%	3.56%	3.35%	3.44%	3.51%	3.26%	3.47%	3.65%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $261,195K ÷ $8,475,920K
= 3.08%

Idacorp, Inc.'s return on assets (ROA) has shown relatively consistent performance over the past eight quarters. The ROA has ranged between 3.08% and 3.48%, with a slight fluctuation in each quarter. This indicates that the company has been effectively generating profits relative to its total assets during this period. However, there was a slight decrease in ROA in Q3 2023 compared to the previous quarter. Overall, the company's ROA remains at a healthy level, reflecting its ability to efficiently utilize its assets to generate earnings.