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.