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