Pinnacle West Capital Corp (PNW)

Return on assets (ROA)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands 608,806 501,557 483,602 618,720 550,559
Total assets US$ in thousands 26,102,800 24,661,200 22,723,400 22,003,200 20,020,400
ROA 2.33% 2.03% 2.13% 2.81% 2.75%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $608,806K ÷ $26,102,800K
= 2.33%

Based on the data provided for Pinnacle West Capital Corp's return on assets (ROA) over the years, the ROA has shown some fluctuations.

For the fiscal year ending December 31, 2020, the ROA was 2.75%, which increased slightly to 2.81% by December 31, 2021. However, there was a decrease in ROA to 2.13% by December 31, 2022, and a further decline to 2.03% by December 31, 2023. Nevertheless, there was a slight improvement in ROA to 2.33% by December 31, 2024.

Overall, the ROA trend indicates some variability in the company's ability to generate profits from its assets over the years. Further analysis would be needed to understand the factors contributing to these fluctuations and to assess the company's efficiency in utilizing its assets to generate returns for its stakeholders.