Northwest Natural Gas Co (NWN)

Return on assets (ROA)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	93,868	97,164	101,264	101,735	86,303	78,895	77,827	75,388	78,666	90,185	92,928	88,800	76,781	61,474	60,085	66,032	61,735	60,819
Total assets	US$ in thousands	4,867,090	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	3,428,450	3,251,620	3,238,130	3,191,120
ROA		1.93%	2.08%	2.23%	2.22%	1.82%	1.83%	1.90%	1.86%	1.94%	2.30%	2.46%	2.36%	2.04%	1.70%	1.65%	1.65%	1.80%	1.87%

December 31, 2023 calculation

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

Northwest Natural Holding Co's return on assets (ROA) has shown a relatively stable performance over the past eight quarters, ranging from 1.82% to 2.23%. The company's ROA peaked at 2.23% in Q2 2023, reflecting efficient asset utilization to generate profit. However, it decreased slightly to 1.93% in Q4 2023. Overall, the company has maintained a consistent performance in generating profits relative to its total assets throughout the periods analyzed. It is important for investors and stakeholders to monitor ROA as it indicates how effectively the company is using its assets to generate profits.