Northwest Natural Gas Co (NWN)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	93,868	86,303	78,666	76,781	61,735
Total assets	US$ in thousands	4,867,090	4,748,330	4,064,600	3,756,380	3,428,450
ROA		1.93%	1.82%	1.94%	2.04%	1.80%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $93,868K ÷ $4,867,090K
= 1.93%

Northwest Natural Holding Co's return on assets (ROA) has shown fluctuations over the past five years. The company's ROA stood at 1.93% at the end of 2023, slightly higher compared to 1.82% in 2022 but lower than the 1.94% recorded in 2021. However, it is important to note that the ROA was higher in 2020 at 2.04% and slightly lower at 1.80% in 2019.

Although the company's ROA has experienced some variation, it has generally been within a relatively narrow range over the period analyzed. This indicates that Northwest Natural Holding Co has been efficient in generating profits relative to its total assets. Further analysis would be required to understand the specific drivers behind these fluctuations and to determine the sustainability of the company's returns on assets.