Middlesex Water Company (MSEX)
Return on assets (ROA)
| 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 | 44,351 | 41,312 | 36,983 | 36,338 | 31,524 | 32,930 | 37,231 | 36,198 | 42,430 | 42,496 | 39,681 | 41,736 | 36,543 | 37,613 | 38,874 | 37,664 | 38,425 | 38,189 | 36,571 | 35,004 |
| Total assets | US$ in thousands | 1,255,170 | 1,229,620 | 1,274,640 | 1,250,100 | 1,236,050 | 1,243,420 | 1,127,590 | 1,098,920 | 1,074,450 | 1,064,670 | 1,038,020 | 1,074,450 | 1,020,020 | 1,029,590 | 1,014,980 | 986,210 | 976,470 | 959,834 | 950,870 | 935,316 |
| ROA | 3.53% | 3.36% | 2.90% | 2.91% | 2.55% | 2.65% | 3.30% | 3.29% | 3.95% | 3.99% | 3.82% | 3.88% | 3.58% | 3.65% | 3.83% | 3.82% | 3.94% | 3.98% | 3.85% | 3.74% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $44,351K ÷ $1,255,170K
= 3.53%
Middlesex Water Company's Return on Assets (ROA) has shown fluctuations over the periods analyzed. From March 31, 2020, to December 31, 2024, ROA ranged from a low of 2.55% in December 2023 to a high of 3.99% in September 30, 2022. The company's ROA generally trended downwards from March 31, 2023, to June 30, 2024, before showing slight improvement in the last quarter of 2024. This suggests that the company's ability to generate profits from its assets decreased during this period, but there was a recovery towards the end of the analyzed timeframe. Further analysis of the company's operational efficiency and profitability margins would provide a more in-depth understanding of these ROA fluctuations and their implications for Middlesex Water Company's financial performance.
Peer comparison
Dec 31, 2024