PNM Resources Inc (PNM)
Return on equity (ROE)
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 | 88,345 | 154,317 | 239,024 | 209,081 | 170,058 | 165,533 | 156,421 | 194,769 | 196,357 | 193,783 | 202,098 | 205,746 | 172,775 | 195,802 | 176,805 | 43,402 | 77,362 | -9,520 | -24,770 | 89,352 |
Total stockholders’ equity | US$ in thousands | 2,349,090 | 2,235,210 | 2,262,240 | 2,212,190 | 2,191,930 | 2,201,880 | 2,131,520 | 2,115,530 | 2,167,520 | 2,144,950 | 2,088,230 | 2,030,970 | 2,049,460 | 1,773,320 | 1,696,500 | 1,627,220 | 1,678,700 | 1,670,910 | 1,612,150 | 1,684,680 |
ROE | 3.76% | 6.90% | 10.57% | 9.45% | 7.76% | 7.52% | 7.34% | 9.21% | 9.06% | 9.03% | 9.68% | 10.13% | 8.43% | 11.04% | 10.42% | 2.67% | 4.61% | -0.57% | -1.54% | 5.30% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $88,345K ÷ $2,349,090K
= 3.76%
To assess PNM Resources Inc's return on equity (ROE) performance, it is essential to analyze the trend in ROE over the past eight quarters. From the data provided, we observe fluctuations in ROE figures.
In Q4 2023, the ROE stood at 3.72%, which decreased from the previous quarter's 6.84%. This decrease suggests a decline in the company's ability to generate profit relative to its shareholders' equity. However, it is important to note that ROE figures can fluctuate due to various factors such as changes in revenue, expenses, or financial leverage.
Looking at the trend over the past eight quarters, PNM Resources Inc's ROE has shown some variability, ranging from a low of 3.72% in Q4 2023 to a high of 10.49% in Q2 2023. The company's ROE appears to have peaked in Q2 2023 before declining in subsequent quarters.
Overall, the analysis suggests that PNM Resources Inc has experienced fluctuations in its return on equity performance over the past two years. Further examination of the company's financial statements and related factors would be necessary to understand the drivers behind these fluctuations and assess the company's overall profitability and efficiency in generating returns for its shareholders.
Peer comparison
Dec 31, 2023