Northwest Natural Gas Co (NWN)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,283,840	1,175,440	935,146	888,733	865,999
ROE		7.31%	7.34%	8.41%	8.64%	7.13%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $93,868K ÷ $1,283,840K
= 7.31%

Northwest Natural Holding Co has exhibited a relatively consistent return on equity (ROE) over the past five years, with ROE ranging from 7.13% in 2019 to 8.64% in 2020. The ROE decreased slightly in 2022 to 7.34% and further to 7.31% in 2023. This indicates that the company's ability to generate profit from its shareholders' equity has been relatively stable, showing a moderate performance in recent years. However, it is important for the company to continue monitoring and improving its ROE to ensure sustainable profitability and value creation for its shareholders.