Public Service Enterprise Group Inc (PEG)

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	2,563,000	2,805,000	2,780,000	2,320,000	1,031,000	688,000	-990,000	-1,298,000	-648,000	-662,000	1,477,000	2,105,000	1,905,000	1,911,000	1,739,000	1,441,000	1,693,000	1,455,000	1,464,000	1,580,000
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
ROA		5.05%	5.66%	5.62%	4.70%	2.12%	1.44%	-2.00%	-2.72%	-1.32%	-1.34%	3.00%	4.19%	3.81%	3.85%	3.56%	2.98%	3.55%	3.11%	3.16%	3.45%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,563,000K ÷ $50,741,000K
= 5.05%

The return on assets (ROA) of Public Service Enterprise Group Inc. has shown a generally positive trend over the past eight quarters, with the ROA increasing from -2.72% in Q1 2022 to 5.05% in Q4 2023. This indicates that the company has been able to generate increasing profits relative to its total assets.

The improvement in ROA from negative values in Q1 and Q2 2022 to positive values in subsequent quarters suggests that the company has been successful in managing and utilizing its assets more efficiently to generate profits.

Overall, the consistent positive trend in ROA indicates that Public Service Enterprise Group Inc. has been able to effectively deploy its assets to generate profits for its shareholders. However, it is important to continue monitoring this ratio to ensure sustainable and continued profitability in the future.