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.
Peer comparison
Dec 31, 2023