Northwest Natural Gas Co (NWN)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,283,840	1,219,540	1,240,280	1,248,310	1,175,440	1,120,860	1,138,780	987,944	935,146	891,461	922,826	936,324	888,733	852,775	884,001	901,741	865,999	844,669	876,746	794,227
ROE		7.31%	7.97%	8.16%	8.15%	7.34%	7.04%	6.83%	7.63%	8.41%	10.12%	10.07%	9.48%	8.64%	7.21%	6.80%	7.32%	7.13%	7.20%

December 31, 2023 calculation

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

Northwest Natural Holding Co's Return on Equity (ROE) has shown a relatively stable performance over the past eight quarters. The ROE ranged from 6.83% to 8.16% during this period, with the highest ROE recorded in Q2 2023 at 8.16%. This indicates that the company has been able to generate a consistent level of profitability relative to its shareholders' equity.

The fluctuations in ROE within the range of 6.83% to 8.16% suggest that the company's efficiency in utilizing its equity to generate profits has been somewhat steady. It is important to note that a higher ROE signifies better profitability and efficiency in generating returns for shareholders.

Investors and analysts may find Northwest Natural Holding Co's ROE performance to be relatively stable and may interpret this as a positive sign of the company's ability to generate profits from its equity base. However, it would be beneficial to further investigate the factors influencing ROE to assess the company's overall financial health and performance.