OGE Energy Corporation (OGE)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 441,500 | 416,800 | 665,700 | 737,300 | -173,700 |
| Total assets | US$ in thousands | 13,716,000 | 12,790,700 | 12,544,700 | 12,606,400 | 10,718,800 |
| ROA | 3.22% | 3.26% | 5.31% | 5.85% | -1.62% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $441,500K ÷ $13,716,000K
= 3.22%
Based on the data provided for OGE Energy Corporation's Return on Assets (ROA) over the years 2020 to 2024, there is a noticeable fluctuation in the company's performance in utilizing its assets to generate profits.
In December 2020, OGE Energy Corporation had a negative ROA of -1.62%, indicating that the company experienced a loss in generating profits relative to its total assets. However, there was a significant improvement in December 2021, with the ROA jumping to 5.85%, suggesting the company became more efficient in utilizing its assets to generate income.
Subsequently, in December 2022 and 2023, OGE Energy Corporation maintained a relatively stable ROA of 5.31% and 3.26% respectively. This indicates that the company was able to sustain a moderate level of profitability relative to its asset base during these years.
However, the ROA decreased slightly to 3.22% in December 2024. This reduction could imply a potential decrease in the company's ability to generate profits from its assets compared to the previous year.
Overall, OGE Energy Corporation's ROA performance indicates some fluctuations over the years, with improvements in efficiency in certain periods but a slight decrease in profitability in others. Monitoring this ratio alongside other financial metrics can provide a comprehensive view of the company's overall financial health and performance.
Peer comparison
Dec 31, 2024