NewJersey Resources Corporation (NJR)

Return on equity (ROE)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Net income	US$ in thousands	289,775	264,724	274,922	117,890	163,007
Total stockholders’ equity	US$ in thousands	2,200,440	1,990,740	1,817,210	1,630,860	1,643,900
ROE		13.17%	13.30%	15.13%	7.23%	9.92%

September 30, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $289,775K ÷ $2,200,440K
= 13.17%

NewJersey Resources Corporation's Return on Equity (ROE) has shown fluctuating trends over the past five years. In 2024, the ROE stood at 13.17%, slightly lower than the previous year's 13.30%. While the ROE decreased marginally, it remained relatively stable compared to the significant drop observed in 2021 from 15.13% to 7.23%. The company experienced a notable increase in ROE in 2022 compared to 2021, indicating improved profitability and efficiency in the utilization of shareholders' equity. Additionally, the ROE in 2020 was 9.92%, showing a moderate increase in 2021 to 15.13%.

Overall, NewJersey Resources Corporation's ROE performance suggests a mixed performance over the five-year period, with fluctuations reflecting varying levels of profitability and efficiency in generating returns on shareholders' equity. Future analysis should further examine the factors contributing to these fluctuations to assess the company's operational and financial performance.