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