IDACORP Inc (IDA)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	2,907,570	2,807,240	2,668,440	2,559,980	2,464,630
ROE		8.98%	9.23%	9.20%	9.27%	9.45%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $261,195K ÷ $2,907,570K
= 8.98%

Idacorp, Inc.'s return on equity (ROE) has shown a slight declining trend over the past five years. The ROE decreased from 9.45% in 2019 to 8.98% in 2023. This downward trend may indicate that the company's ability to generate profits from its shareholders' equity has weakened over the years. Factors such as changes in the company's profitability, asset utilization, or financial leverage could be influencing this trend. It is important for Idacorp, Inc. to closely monitor and analyze the drivers behind the declining ROE to identify areas for improvement and enhance shareholders' returns in the future.