OGE Energy Corporation (OGE)

Operating return on assets (Operating 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	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	650,200	645,900	632,700	642,900	649,500	638,900	605,800	578,700	544,200	545,400	518,600	514,500	522,200	510,000	526,300	510,900	504,300	492,000	445,000	472,700
Total assets	US$ in thousands	12,790,700	12,743,200	12,604,600	12,790,300	12,544,700	12,604,000	12,838,000	13,093,600	12,606,400	12,177,500	11,899,500	11,788,700	10,718,800	10,497,600	10,439,100	10,370,900	11,024,300	11,083,700	10,886,200	10,761,600
Operating ROA		5.08%	5.07%	5.02%	5.03%	5.18%	5.07%	4.72%	4.42%	4.32%	4.48%	4.36%	4.36%	4.87%	4.86%	5.04%	4.93%	4.57%	4.44%	4.09%	4.39%

December 31, 2023 calculation

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

Oge Energy Corp.'s operating return on assets (operating ROA) has shown relative stability over the past eight quarters, ranging from 4.42% to 5.18%. The company's operating ROA peaked at 5.18% in Q4 2022 and has generally remained above 5% since then, indicating efficient asset utilization to generate operating income. This trend suggests that Oge Energy Corp. has been effectively managing its assets to generate profits from its core operations. However, the slight fluctuations in the operating ROA figures demonstrate the impact of various operational factors on the company's profitability over time. A consistent focus on maintaining or improving operating ROA levels can help Oge Energy Corp. sustain its financial performance in the long term.