NewJersey Resources Corporation (NJR)

Return on assets (ROA)

		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	Dec 31, 2019
Net income (ttm)	US$ in thousands	289,775	235,673	248,779	238,214	264,724	282,222	293,743	279,531	274,922	219,267	94,383	148,157	117,890	162,295	254,828	178,865	173,572	148,386	159,282	159,009
Total assets	US$ in thousands	6,981,640	6,784,120	6,647,380	6,749,050	6,537,500	6,312,580	6,296,130	6,610,090	6,261,420	6,161,920	5,870,000	5,981,160	5,722,280	5,408,620	5,425,130	5,396,900	5,316,480	5,282,080	5,155,200	5,095,170
ROA		4.15%	3.47%	3.74%	3.53%	4.05%	4.47%	4.67%	4.23%	4.39%	3.56%	1.61%	2.48%	2.06%	3.00%	4.70%	3.31%	3.26%	2.81%	3.09%	3.12%

September 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $289,775K ÷ $6,981,640K
= 4.15%

NewJersey Resources Corporation's return on assets (ROA) has fluctuated over the past few quarters, ranging from a low of 1.61% in the second quarter of 2022 to a high of 4.70% in the first quarter of 2021. The ROA for the most recent quarter, September 30, 2024, stands at 4.15%, reflecting a moderate increase from the previous quarter.

Overall, NewJersey Resources Corporation's ROA has shown variability over the periods analyzed, with some quarters performing better than others. A higher ROA indicates that the company is generating more profit relative to its total assets, which is generally seen as a positive sign of operational efficiency. However, it is important to consider factors such as industry norms and economic conditions when interpreting ROA figures.