PG&E Corp (PCG)

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	2,512,000	2,761,000	2,533,000	2,419,000	2,256,000	1,850,000	1,958,000	1,908,000	1,814,000	1,773,000	226,000	267,000	-88,000	-360,000	814,000	-1,555,000	-1,304,000	-5,121,000	-6,823,000	-7,404,000
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
ROA		1.88%	2.09%	1.94%	1.90%	1.79%	1.50%	1.62%	1.60%	1.53%	1.52%	0.20%	0.26%	-0.09%	-0.35%	0.81%	-1.58%	-1.33%	-5.36%	-6.25%	-8.54%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,512,000K ÷ $133,660,000K
= 1.88%

The return on assets (ROA) for PG&E Corp experienced fluctuations over the years based on the provided data. It started in negative territory, indicating that the company was not efficiently utilizing its assets to generate profits. However, the trend reversed gradually, showing improvement in the company's ability to generate earnings relative to its assets.

The ROA increased from negative percentages in early 2020 to positive percentages by the end of 2022 and continued to improve into 2024. The positive ROA figures suggest that PG&E Corp is becoming more effective in utilizing its assets to generate earnings. A rising ROA typically signifies improved profitability and efficiency in managing assets.

Overall, the upward trend in ROA indicates that PG&E Corp is making progress in maximizing its asset utilization to generate profits, which could be seen as a positive sign for the company's financial performance and sustainability.