Ormat Technologies Inc (ORA)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	134,180	138,954	182,771	169,532	130,132	94,439	95,765	110,148	102,584	139,279	136,374	126,386	169,357	167,691	183,389	202,845	214,013	215,290	202,323	201,128
Total assets	US$ in thousands	5,666,220	5,590,340	5,506,800	5,516,840	5,208,280	5,010,810	5,010,640	5,015,270	4,611,580	4,524,530	4,541,980	4,414,190	4,425,680	4,359,370	3,818,550	3,859,210	3,888,990	3,520,950	3,418,380	3,445,610
Operating ROA		2.37%	2.49%	3.32%	3.07%	2.50%	1.88%	1.91%	2.20%	2.22%	3.08%	3.00%	2.86%	3.83%	3.85%	4.80%	5.26%	5.50%	6.11%	5.92%	5.84%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $134,180K ÷ $5,666,220K
= 2.37%

Ormat Technologies Inc's operating return on assets (operating ROA) has shown fluctuations over the reporting period. The operating ROA started at 5.84% as of March 31, 2020, and increased slightly to 6.11% by September 30, 2020. However, there was a decline to 5.26% by the end of March 31, 2021, and a further decrease to 4.80% by June 30, 2021.

The trend continued downward, reaching its lowest point of 1.88% by September 30, 2023. There was a slight increase to 3.07% by March 31, 2024, and a further improvement to 3.32% by June 30, 2024. However, by the end of December 31, 2024, the operating ROA decreased to 2.37%.

Overall, Ormat Technologies Inc's operating ROA has been volatile, showing both increases and decreases over the reporting period. It indicates the company's ability to generate operating profits from its assets has fluctuated, impacting its overall financial performance.