OGE Energy Corporation (OGE)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 745,300 | 650,200 | 649,500 | 544,200 | 522,200 |
| Total assets | US$ in thousands | 13,716,000 | 12,790,700 | 12,544,700 | 12,606,400 | 10,718,800 |
| Operating ROA | 5.43% | 5.08% | 5.18% | 4.32% | 4.87% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $745,300K ÷ $13,716,000K
= 5.43%
Operating ROA is a key profitability metric that indicates the efficiency of OGE Energy Corporation in generating profits from its assets. The trend in OGE Energy Corporation's operating ROA over the five years from 2020 to 2024 shows fluctuations. The operating ROA decreased from 4.87% in 2020 to 4.32% in 2021, indicating a slight decline in profitability. However, in the following years, there was an upward trend with operating ROA reaching 5.18% in 2022, 5.08% in 2023, and further increasing to 5.43% in 2024.
This improvement in operating ROA from 2021 onwards suggests that OGE Energy Corporation has been able to enhance its operational efficiency and generate more earnings relative to its assets. The variations in operating ROA could be influenced by factors such as changes in the company's operating income, asset base, or efficiency measures. Monitoring this metric over time can provide insights into the company's overall financial health and performance.
Peer comparison
Dec 31, 2024