OGE Energy Corporation (OGE)

Return on assets (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
Net income (ttm)	US$ in thousands	416,800	418,900	439,800	424,500	665,700	934,600	924,300	964,100	737,300	472,900	397,800	370,800	-173,700	-193,100	-119,600	-105,300	433,600	452,900	407,100	417,600
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
ROA		3.26%	3.29%	3.49%	3.32%	5.31%	7.42%	7.20%	7.36%	5.85%	3.88%	3.34%	3.15%	-1.62%	-1.84%	-1.15%	-1.02%	3.93%	4.09%	3.74%	3.88%

December 31, 2023 calculation

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

Based on the data provided, it is evident that Oge Energy Corp.'s return on assets (ROA) has exhibited some fluctuations over the past eight quarters. The ROA percentages have ranged from a high of 7.42% in Q3 2022 to a low of 3.26% in Q4 2023.

The quarterly ROA figures indicate that the company's ability to generate profits from its assets has been somewhat volatile. The decreasing trend from the peak of 7.42% in Q3 2022 to the recent low of 3.26% in Q4 2023 suggests that the company may be facing challenges in efficiently utilizing its assets to generate returns. However, it is worth noting that the ROA has remained above 3% in all quarters, indicating that the company has generally been able to generate a positive return on its assets.

Further analysis of the factors contributing to the fluctuations in ROA, such as changes in revenue, expenses, and asset base, would be necessary to gain a more in-depth understanding of Oge Energy Corp.'s performance in utilizing its assets effectively to generate profits.