Middlesex Water Company (MSEX)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 44,351 | 31,524 | 42,429 | 36,543 | 38,425 |
| Total assets | US$ in thousands | 1,255,170 | 1,236,050 | 1,074,450 | 1,020,020 | 976,470 |
| ROA | 3.53% | 2.55% | 3.95% | 3.58% | 3.94% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $44,351K ÷ $1,255,170K
= 3.53%
The return on assets (ROA) of Middlesex Water Company has fluctuated over the past five years, ranging from a high of 3.95% on December 31, 2022, to a low of 2.55% on December 31, 2023. The ROA as of December 31, 2024, stands at 3.53%.
Overall, the company's ROA indicates its efficiency in generating profits relative to its total assets. A higher ROA is generally preferred as it signifies that the company is utilizing its assets effectively to generate earnings. In the case of Middlesex Water Company, its ROA remains relatively stable throughout the period, demonstrating a consistent ability to generate returns on its assets.
It is essential for investors and stakeholders to monitor the company's ROA over time to assess its financial performance and management effectiveness in utilizing its assets to drive profitability.
Peer comparison
Dec 31, 2024