PG&E Corp (PCG)

Return on assets (ROA)

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income US$ in thousands 2,256,000 1,814,000 -88,000 -1,304,000 -7,642,000
Total assets US$ in thousands 125,698,000 118,644,000 103,327,000 97,856,000 85,196,000
ROA 1.79% 1.53% -0.09% -1.33% -8.97%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $2,256,000K ÷ $125,698,000K
= 1.79%

The return on assets (ROA) of PG&E Corp. has varied over the past five years. In 2023, the ROA stands at 1.78%, showing an improvement from the previous year's 1.52%. This indicates that the company generated $0.0178 in profit for every dollar of assets in 2023.

Looking back, the ROA was negative in 2021 and 2020, at -0.10% and -1.35% respectively, suggesting that the company was not effectively utilizing its assets to generate profit during those years. However, there was a significant improvement in 2023 compared to the substantial loss in 2019, when the ROA was at -8.99%.

Overall, the positive trend in ROA over the past two years is a positive sign, demonstrating that PG&E Corp. has been more efficient in generating profits from its assets. However, further analysis and comparison with industry peers would provide a more comprehensive understanding of the company's performance.


Peer comparison

Dec 31, 2023