PG&E Corp (PCG)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	25,040,000	22,823,000	20,971,000	21,001,000	5,136,000
ROE		9.01%	7.95%	-0.42%	-6.21%	-148.79%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $2,256,000K ÷ $25,040,000K
= 9.01%

PG&E Corp.'s return on equity (ROE) has shown varying trends over the past five years. The company's ROE improved from -149.07% in 2019 to -6.28% in 2020, indicating a positive turnaround in profitability. Subsequently, there was further improvement with ROE increasing to -0.49% in 2021 and 7.89% in 2022, suggesting a gradual recovery in the company's profitability.

In the most recent period, as of December 31, 2023, PG&E Corp.'s ROE stood at 8.95%, continuing the positive trend observed in the previous years. This increase in ROE can be seen as a favorable indicator of improved efficiency in generating profits relative to shareholders' equity. However, it is essential to note that the ROE of 8.95% in 2023 still remains relatively modest and may warrant further monitoring and analysis to assess the sustainability of this profitability level.

Overall, the trend in PG&E Corp.'s ROE over the five-year period indicates a trajectory of recovery and improvement in the company's financial performance, albeit with fluctuations. Future analysis should consider the underlying factors contributing to these changes in ROE to provide a more comprehensive understanding of the company's financial health and profitability.