IDACORP Inc (IDA)

Return on equity (ROE)

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 stockholders’ equity US$ in thousands 2,907,570 2,920,890 2,853,760 2,823,060 2,807,240 2,778,300 2,706,810 2,677,510 2,668,440 2,670,610 2,606,410 2,569,420 2,559,980 2,565,990 2,495,800 2,467,380 2,464,630 2,464,120 2,403,800 2,380,240
ROE 8.98% 9.31% 9.57% 9.52% 9.23% 8.99% 8.91% 9.22% 9.20% 9.37% 9.76% 9.53% 9.27% 9.63% 9.41% 9.23% 9.45% 8.60% 9.33% 9.80%

December 31, 2023 calculation

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

To analyze Idacorp, Inc.'s return on equity (ROE) over the indicated quarters, we observe a relatively stable trend with the ROE ranging from 8.91% to 9.57%. The company has maintained a consistent performance in generating returns for its shareholders during the specified time period. The highest ROE of 9.57% was achieved in Q2 2023, while the lowest ROE of 8.91% was recorded in Q3 2022. Overall, Idacorp, Inc. demonstrates a reasonable ability to efficiently utilize its equity to generate profits, as evidenced by the consistent ROE percentages observed across the quarters.