OGE Energy Corporation (OGE)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	416,800	665,700	737,300	-173,700	433,600
Total assets	US$ in thousands	12,790,700	12,544,700	12,606,400	10,718,800	11,024,300
ROA		3.26%	5.31%	5.85%	-1.62%	3.93%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $416,800K ÷ $12,790,700K
= 3.26%

The return on assets (ROA) for Oge Energy Corp. has fluctuated over the past five years. In 2023, the ROA was 3.26%, representing a decrease from the previous year's 5.31%. This decline could be attributed to various factors affecting the company's profitability and asset utilization.

Comparing the 2023 ROA to the ROA in 2021, there has been a noticeable decrease from 5.85% to 3.26%. This decline suggests that the company may be experiencing challenges in generating profits relative to its total assets compared to the previous year.

It is worth noting that in 2020, Oge Energy Corp. reported a negative ROA of -1.62%, indicating that the company experienced a loss in profitability concerning its assets. However, in the following year, the company's profitability rebounded, with a positive ROA of 3.93%.

Overall, the trend in Oge Energy Corp.'s ROA indicates fluctuations in its ability to generate profit from its assets, with 2023 showing a decline in ROA compared to previous years. This suggests the need for further analysis of the company's financial performance and operational efficiency in utilizing its assets effectively.