PG&E Corp (PCG)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	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	-10,094,000	-15,281,000	-12,285,000	-10,110,000
Total assets	US$ in thousands	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	85,196,000	85,713,000	84,387,000	82,287,000
Operating ROA		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%	-11.85%	-17.83%	-14.56%	-12.29%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $2,671,000K ÷ $125,698,000K
= 2.12%

PG&E Corp.'s operating return on assets (ROA) has displayed a positive trend over the last eight quarters, with a steady increase from 1.94% in Q2 2022 to 3.18% in Q4 2023. This indicates an improvement in the company's ability to generate operating income from its assets. The upward trajectory suggests that PG&E Corp. has been effectively managing its assets to enhance its operational performance.

While there were fluctuations in the operating ROA figures over the period, the overall pattern demonstrates a favorable movement towards higher returns relative to asset utilization. The highest operating ROA was recorded in Q4 2023 at 3.18%, showcasing an upward peak in the company's operational efficiency. On the other hand, the lowest operating ROA of 1.94% was observed in Q2 2022, but PG&E Corp. managed to steadily increase this metric in subsequent quarters.

The average operating ROA for the period under review stands at 2.51%, reflecting PG&E Corp.'s ability to generate an average of approximately $0.0251 in operating income for every dollar invested in assets. Overall, the consistent improvement in operating ROA suggests that PG&E Corp. has been successful in enhancing its operational performance and efficiency over time.