Public Service Enterprise Group Inc (PEG)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,884,000 | 1,737,000 | 1,808,000 | 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 |
| Total assets | US$ in thousands | 54,640,000 | 54,080,000 | 52,388,000 | 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 |
| ROA | 3.45% | 3.21% | 3.45% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,884,000K ÷ $54,640,000K
= 3.45%
Return on assets (ROA) is a key financial ratio that measures a company's efficiency in generating profits from its assets. Looking at the data provided for Public Service Enterprise Group Inc, we can observe fluctuations in the ROA over the given periods.
From December 2019 to June 2020, the ROA remained relatively stable, ranging between 2.98% and 3.85%. This indicates that the company was effectively utilizing its assets to generate profits during this time.
In the subsequent quarters, from September 2020 to March 2021, there was a notable increase in ROA, peaking at 4.19% in March 2021. This could suggest improved asset management and profitability for the company during this period.
However, starting from June 2021, the ROA began to show a downward trend, dipping into negative territory in September and December 2021, and further declining till June 2022. These negative ROA figures could indicate that the company was struggling to generate profits from its assets during this challenging period.
From September 2022 onwards, there was a noticeable recovery in ROA, reaching a peak of 5.66% in September 2023. This uptrend suggests that Public Service Enterprise Group Inc made improvements in its asset management and profitability strategies during this period.
By December 2024, the ROA had stabilized around 3.45%, indicating a moderate level of efficiency in generating profits from the company's assets.
In conclusion, the analysis of Public Service Enterprise Group Inc's ROA reveals periods of both strength and weakness in asset utilization and profitability. It is important for the company to continue monitoring and improving its ROA to ensure sustainable growth and value creation for its stakeholders.
Peer comparison
Dec 31, 2024