IDACORP Inc (IDA)

Return on equity (ROE)

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 stockholders’ equity US$ in thousands 3,330,950 3,269,740 3,196,310 2,915,140 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
ROE 8.68% 8.64% 8.58% 8.69% 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%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $289,174K ÷ $3,330,950K
= 8.68%

IDACORP Inc's return on equity (ROE) has shown some fluctuations over the period under review. The ROE started at 9.23% in March 2020, increased to 9.76% by June 2021, and then fluctuated around the 9% level until December 2023. However, there was a slight decline in ROE to 8.68% by December 2024.

Overall, the company's ROE has been relatively stable, staying within the range of 8.58% to 9.76% over the period. This indicates that IDACORP Inc has been effectively utilizing its shareholders' equity to generate profits. It's important for the company to monitor this ratio closely to ensure sustained profitability and efficient use of equity in the future.