Northwest Natural Gas Co (NWN)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 78,871 | 93,868 | 86,303 | 78,666 | 76,781 |
| Total assets | US$ in thousands | 1,729,670 | 4,867,090 | 4,748,330 | 4,064,600 | 3,756,380 |
| ROA | 4.56% | 1.93% | 1.82% | 1.94% | 2.04% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $78,871K ÷ $1,729,670K
= 4.56%
The return on assets (ROA) of Northwest Natural Gas Co has fluctuated over the past five years. In December 31, 2020, the ROA was 2.04%, which decreased slightly to 1.94% by December 31, 2021. There was a further decline in ROA to 1.82% by December 31, 2022, before rebounding to 1.93% by December 31, 2023. The most significant improvement was seen by December 31, 2024, with a ROA of 4.56%.
It is important to note that the ROA is a measure of how efficiently the company is generating profit from its assets. Northwest Natural Gas Co's ROA performance indicates some fluctuations in profitability relative to its assets over the specified period. Further analysis and comparison with industry benchmarks could provide valuable insights into the company's performance and efficiency in utilizing its assets to generate returns for its shareholders.
Peer comparison
Dec 31, 2024