Ormat Technologies Inc (ORA)

Return on assets (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
Net income (ttm)	US$ in thousands	123,733	118,638	132,009	133,957	124,399	106,714	89,371	81,687	71,088	71,952	68,744	65,263	62,092	63,885	64,662	74,682	85,456	77,364	77,290	88,182
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
ROA		2.18%	2.12%	2.40%	2.43%	2.39%	2.13%	1.78%	1.63%	1.54%	1.59%	1.51%	1.48%	1.40%	1.47%	1.69%	1.94%	2.20%	2.20%	2.26%	2.56%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $123,733K ÷ $5,666,220K
= 2.18%

Ormat Technologies Inc's return on assets (ROA) has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ROA started at 2.56% in March 2020, indicating that the company generated $0.0256 in profit for every dollar of assets it had.

However, the ROA gradually declined, reaching a low of 1.40% in December 2021. This could suggest a decrease in the company's efficiency in generating profit from its assets during that period.

Subsequently, there was a slight improvement in ROA in the following quarters, with the ratio reaching 2.39% by December 2023, and then stabilizing around 2.12%-2.18% in the last few quarters.

Overall, while there were fluctuations in Ormat Technologies Inc's ROA, the company managed to maintain a relatively stable performance in generating profit from its assets towards the end of the period under consideration. It is important for investors to monitor the company's ROA to assess its efficiency in utilizing its assets effectively to generate returns.