Northwest Natural Gas Co (NWN)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 191,142 | 184,941 | 167,477 | 163,117 | 148,351 |
| Total assets | US$ in thousands | 1,729,670 | 4,867,090 | 4,748,330 | 4,064,600 | 3,756,380 |
| Operating ROA | 11.05% | 3.80% | 3.53% | 4.01% | 3.95% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $191,142K ÷ $1,729,670K
= 11.05%
Northwest Natural Gas Co's operating return on assets (Operating ROA) has shown some fluctuation over the years. There was a gradual increase from 3.95% as of December 31, 2020, to 4.01% as of December 31, 2021. However, the Operating ROA then dropped to 3.53% as of December 31, 2022, but subsequently improved to 3.80% by December 31, 2023. The most significant change occurred as of December 31, 2024, with a substantial increase to 11.05%.
The varying trend in Operating ROA suggests that Northwest Natural Gas Co's ability to generate operating profit from its assets has experienced fluctuations. It is essential to further investigate the underlying reasons for these fluctuations to assess the company's operational efficiency and overall profitability.
Peer comparison
Dec 31, 2024