IDACORP Inc (IDA)

Return on assets (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
Net income (ttm)	US$ in thousands	289,174	282,557	274,216	253,270	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
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
ROA		3.13%	3.10%	3.16%	3.03%	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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $289,174K ÷ $9,239,360K
= 3.13%

The return on assets (ROA) of IDACORP Inc has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The ROA ranged from a low of 3.03% on March 31, 2024, to a high of 3.56% on September 30, 2020. Overall, the ROA has been relatively stable, with the latest reported figure as of December 31, 2024, standing at 3.13%.

The ROA metric indicates the company's ability to generate profits from its assets. A higher ROA suggests that the company is more efficient in utilizing its assets to generate earnings. In the case of IDACORP Inc, the ROA figures around 3% suggest that the company is effectively generating profits relative to its total assets.

It is important for investors and analysts to track ROA over time to assess the company's performance in generating returns from its asset base. The company may want to maintain or improve its ROA in order to demonstrate efficiency in asset utilization and maximize profitability.