PG&E Corp (PCG)
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 | 4,459,000 | 4,574,000 | 3,946,000 | 3,318,000 | 2,671,000 | 1,666,000 | 1,991,000 | 1,930,000 | 1,837,000 | 2,348,000 | 1,926,000 | 2,115,000 | 1,883,000 | 1,662,000 | 1,756,000 | 1,404,000 | 1,755,000 | -3,008,000 | -5,706,000 | -9,628,000 |
| Total assets | US$ in thousands | 133,660,000 | 132,319,000 | 130,788,000 | 127,645,000 | 125,698,000 | 123,009,000 | 120,705,000 | 119,612,000 | 118,644,000 | 117,012,000 | 113,541,000 | 103,931,000 | 103,327,000 | 103,561,000 | 100,494,000 | 98,558,000 | 97,856,000 | 95,587,000 | 109,229,000 | 86,688,000 |
| Operating ROA | 3.34% | 3.46% | 3.02% | 2.60% | 2.12% | 1.35% | 1.65% | 1.61% | 1.55% | 2.01% | 1.70% | 2.04% | 1.82% | 1.60% | 1.75% | 1.42% | 1.79% | -3.15% | -5.22% | -11.11% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $4,459,000K ÷ $133,660,000K
= 3.34%
Operating Return on Assets (ROA) is a key financial ratio that indicates how efficiently a company generates operating income from its assets. Looking at the historical trend of PG&E Corp's Operating ROA based on the provided data, we can observe the following:
- PG&E Corp's Operating ROA has been negative in the initial quarters of the given period, indicating that the company was having difficulties in generating operating income in relation to its assets during that time.
- From December 31, 2020, PG&E Corp's Operating ROA turned positive and showed a gradual improvement over the following quarters, reaching its peak at 3.46% on September 30, 2024.
- The fluctuation in Operating ROA during the period may suggest varying levels of operational efficiency and profitability for PG&E Corp.
In conclusion, PG&E Corp's Operating ROA shows an overall positive trend, with improvements in generating operating income from its assets over the given period. However, it is essential for the company to sustain and potentially further enhance its operational efficiency to ensure continued profitability and value creation for its shareholders.
Peer comparison
Dec 31, 2024