Northwest Natural Gas Co (NWN)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 194,083 | 148,377 | 150,132 | 148,269 | 139,235 | 191,001 | 195,287 | 194,983 | 169,113 | 158,064 | 156,964 | 156,049 | 163,117 | 167,490 | 170,293 | 166,611 | 148,351 | 134,765 | 136,719 | 143,875 |
| Total assets | US$ in thousands | 5,234,320 | 4,944,370 | 4,822,370 | 4,849,070 | 4,934,590 | 4,665,120 | 4,536,700 | 4,592,100 | 4,748,330 | 4,300,710 | 4,100,520 | 4,054,630 | 4,064,600 | 3,929,220 | 3,783,500 | 3,758,620 | 3,756,380 | 3,618,100 | 3,641,350 | 4,001,530 |
| Operating ROA | 3.71% | 3.00% | 3.11% | 3.06% | 2.82% | 4.09% | 4.30% | 4.25% | 3.56% | 3.68% | 3.83% | 3.85% | 4.01% | 4.26% | 4.50% | 4.43% | 3.95% | 3.72% | 3.75% | 3.60% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $194,083K ÷ $5,234,320K
= 3.71%
Northwest Natural Gas Co's operating return on assets (ROA) has shown fluctuations over the reporting periods provided. From March 31, 2020, to December 31, 2024, the operating ROA ranged from a low of 2.82% to a high of 4.50%. The trend indicates a general increase in the operating ROA from the initial period to the middle of 2021, with a peak at 4.50% in June 30, 2021. However, there was a decline in the latter part of 2021 and throughout 2022, before experiencing a slight recovery in the first half of 2023.
The operating ROA dropped to 2.82% by the end of December 31, 2023, which was the lowest point observed in the period analyzed. Subsequently, there was a slight recovery in the first half of 2024, with the operating ROA climbing back to 3.11% by June 30, 2024, and further improving to 3.71% by December 31, 2024.
Overall, the operating ROA trend suggests fluctuations in the company's efficiency in generating operating income from its assets. It is essential for stakeholders to further investigate the factors contributing to these fluctuations to assess the company's operational performance and financial health accurately.
Peer comparison
Dec 31, 2024