Public Service Enterprise Group Inc (PEG)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,772,000 | 2,563,000 | 1,031,000 | -648,000 | 1,905,000 |
| Total assets | US$ in thousands | 54,640,000 | 50,741,000 | 48,718,000 | 48,999,000 | 50,050,000 |
| ROA | 3.24% | 5.05% | 2.12% | -1.32% | 3.81% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,772,000K ÷ $54,640,000K
= 3.24%
Public Service Enterprise Group Inc's return on assets (ROA) has exhibited some variability over the past five years. The ROA was 3.81% as of December 31, 2020, indicating that the company generated $0.0381 in profit for every dollar of assets. However, by December 31, 2021, the ROA turned negative at -1.32%, suggesting that the company incurred a loss relative to its asset base.
In the subsequent years, there was a recovery in the ROA. By December 31, 2022, the ROA improved to 2.12%, showcasing a partial rebound in the company's profitability efficiency. The trend continued positively with a ROA of 5.05% as of December 31, 2023, indicating an increase in generating profits from the assets employed.
As of December 31, 2024, the ROA stood at 3.24%, demonstrating a sustainable performance in utilizing assets to generate profits. Overall, the fluctuation in ROA over the years suggests a mixed performance in effectively utilizing assets to generate returns, with notable improvements and some periods of underperformance.
Peer comparison
Dec 31, 2024