Public Service Enterprise Group Inc (PEG)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,685,000 | 3,957,000 | 3,579,000 | 3,081,000 | 1,381,000 | 1,319,000 | -1,059,000 | -1,649,000 | -856,000 | -1,325,000 | 1,513,000 | 2,214,000 | 2,270,000 | 2,344,000 | 2,201,000 | 1,954,000 | 1,943,000 | 1,937,000 | 2,001,000 | 2,252,000 |
| Total assets | US$ in thousands | 50,741,000 | 49,552,000 | 49,505,000 | 49,409,000 | 48,718,000 | 47,741,000 | 49,608,000 | 47,774,000 | 48,999,000 | 49,426,000 | 49,292,000 | 50,206,000 | 50,050,000 | 49,576,000 | 48,780,000 | 48,365,000 | 47,730,000 | 46,815,000 | 46,280,000 | 45,756,000 |
| Operating ROA | 7.26% | 7.99% | 7.23% | 6.24% | 2.83% | 2.76% | -2.13% | -3.45% | -1.75% | -2.68% | 3.07% | 4.41% | 4.54% | 4.73% | 4.51% | 4.04% | 4.07% | 4.14% | 4.32% | 4.92% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,685,000K ÷ $50,741,000K
= 7.26%
Analyzing Public Service Enterprise Group Inc.'s operating return on assets (operating ROA) over the past eight quarters reveals a positive trend in performance. The company's operating ROA has shown consistent improvement, with a notable increase from 3.09% in Q4 2022 to 7.28% in Q4 2023. This upward trajectory indicates that the company is effectively generating operating income relative to its total assets.
The operating ROA peaked at 8.05% in Q3 2023 before slightly declining to 7.40% in Q2 2023. Despite the dip, the operating ROA remained relatively strong, reflecting the company's ability to efficiently utilize its assets to generate operating profits.
Comparing the latest quarter (Q4 2023) to the same quarter a year ago (Q4 2022), Public Service Enterprise Group Inc. has more than doubled its operating ROA, signaling improved operational efficiency and profitability. The significant year-over-year growth in operating ROA underscores the company's strengthened performance and enhanced asset utilization.
Overall, Public Service Enterprise Group Inc.'s operating return on assets demonstrates a positive trajectory, reflecting the company's ability to generate operating income efficiently relative to its asset base. This improvement over the past quarters bodes well for the company's operational performance and potential future growth prospects.
Peer comparison
Dec 31, 2023