PG&E Corp (PCG)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,512,000 | 2,256,000 | 1,814,000 | -88,000 | -1,304,000 |
| Total assets | US$ in thousands | 133,660,000 | 125,698,000 | 118,644,000 | 103,327,000 | 97,856,000 |
| ROA | 1.88% | 1.79% | 1.53% | -0.09% | -1.33% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $2,512,000K ÷ $133,660,000K
= 1.88%
The return on assets (ROA) for PG&E Corp has shown a diverse trend over the past five years. In December 31, 2020, the ROA was at a negative 1.33%, signifying a slightly unfavorable position where the company was not efficiently utilizing its assets to generate profit. However, there was a noticeable improvement in the subsequent year as the ROA increased to a negative 0.09%, indicating a partial recovery.
In the following years, there was a significant positive turnaround in the company's performance. By December 31, 2022, the ROA rose to 1.53%, demonstrating a considerable improvement in asset utilization and profitability. This positive trend continued into December 31, 2023, where the ROA increased further to 1.79%, indicating sustained growth in the company's ability to generate earnings from its assets.
The most recent data point, as of December 31, 2024, shows a continued positive trajectory with a ROA of 1.88%, suggesting that PG&E Corp has been effectively utilizing its assets to generate profits and enhance overall financial performance.
Overall, the trend in PG&E Corp's ROA reflects a turnaround from negative to positive values over the years, indicating improved efficiency in utilizing its assets to generate profits. This upward trend is a positive sign for the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024