OGE Energy Corporation (OGE)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	650,200	649,500	544,200	522,200	504,300
Total assets	US$ in thousands	12,790,700	12,544,700	12,606,400	10,718,800	11,024,300
Operating ROA		5.08%	5.18%	4.32%	4.87%	4.57%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $650,200K ÷ $12,790,700K
= 5.08%

Oge Energy Corp.'s operating return on assets (operating ROA) has shown fluctuation over the past five years as depicted in the data. In 2023, the operating ROA decreased slightly to 5.08% from 5.18% in 2022. The 2021 operating ROA stood at 4.32%, displaying an improvement compared to the negative operating ROA of -1.36% in 2020. The highest operating return on assets of 4.57% was observed in 2019.

This fluctuation in operating ROA indicates varying levels of efficiency in generating operating profits from its assets over the years. The positive trend from 2020 to 2023 suggests that the company has managed to enhance its operational performance and profitability, although there was a slight decline in 2023. Further analysis of the underlying factors contributing to these changes in operating ROA can provide more insights into the company's operational efficiency and overall financial health.