PG&E Corp (PCG)

Return on assets (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
Net income (ttm)	US$ in thousands	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	-7,642,000	-10,898,000	-8,715,000	-7,146,000
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
ROA		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%	-8.97%	-12.71%	-10.33%	-8.68%

December 31, 2023 calculation

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

Over the past eight quarters, PG&E Corp.'s return on assets (ROA) has fluctuated within a relatively narrow range, ranging from a low of 0.19% in Q2 2022 to a high of 1.78% in Q4 2023. This indicates that the company has been able to effectively generate profits relative to its total assets, albeit with some variability. The positive trend in ROA from Q2 2022 to Q4 2023 suggests that PG&E Corp. has improved its ability to utilize its assets to generate earnings over time. However, it is important to monitor future ROA figures to assess the company's ongoing operational efficiency and profitability.