OGE Energy Corporation (OGE)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	4,511,600	4,540,700	4,379,100	4,370,000	4,413,400	4,440,700	4,256,900	4,262,700	4,056,300	3,814,900	3,640,800	3,605,500	3,631,800	3,660,700	3,564,200	3,552,700	4,139,500	4,186,200	4,007,200	3,976,200
ROE		9.24%	9.23%	10.04%	9.71%	15.08%	21.05%	21.71%	22.62%	18.18%	12.40%	10.93%	10.28%	-4.78%	-5.27%	-3.36%	-2.96%	10.47%	10.82%	10.16%	10.50%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $416,800K ÷ $4,511,600K
= 9.24%

Over the past eight quarters, Oge Energy Corp.'s return on equity (ROE) has displayed some fluctuation. The ROE ranged from a high of 22.62% in Q1 2022 to a low of 9.23% in Q3 2023. This variability suggests that the company's profitability generated from shareholders' equity has not been consistent. The declining trend in ROE from 2012 to 2023 may indicate challenges in achieving higher profitability relative to shareholders' equity. Further analysis may be needed to identify the factors contributing to these fluctuations and to evaluate the company's efficiency in generating profits from the equity invested.