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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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.
Peer comparison
Dec 31, 2023