PG&E Corp (PCG)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	25,040,000	24,132,000	23,763,000	23,334,000	22,823,000	22,234,000	21,767,000	21,392,000	20,971,000	20,475,000	21,547,000	21,127,000	21,001,000	20,812,000	3,549,000	5,507,000	5,136,000	8,739,000	10,342,000	12,877,000
ROE		9.01%	7.67%	8.24%	8.18%	7.95%	7.97%	1.04%	1.25%	-0.42%	-1.76%	3.78%	-7.36%	-6.21%	-24.61%	-192.25%	-134.45%	-148.79%	-124.71%	-84.27%	-55.49%

December 31, 2023 calculation

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

The return on equity (ROE) for PG&E Corp. has shown slight fluctuations over the past eight quarters. In Q4 2023, the ROE stood at 8.95%, representing an improvement compared to the previous quarter's figure of 7.61%. This indicates that the company generated $8.95 in net income for every dollar of shareholders' equity during that period.

Overall, the ROE has generally been within the range of 7.61% to 8.95% over the past year, reflecting a stable performance in terms of profitability and efficiency in utilizing shareholders' equity. It is worth noting the significant increase in ROE in Q2 2022, jumping from 0.97% in Q1 2022 to 1.18% in Q2 2022.

While the ROE trend shows some variability, it is essential for investors to assess the company's ROE in conjunction with other financial metrics and factors influencing the utility industry to gain a comprehensive understanding of PG&E Corp.'s financial performance and potential future prospects.