Portland General Electric Co (POR)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 396,000 | 397,000 | 378,000 | 269,000 | 353,000 |
| Total assets | US$ in thousands | 11,208,000 | 10,459,000 | 9,494,000 | 9,069,000 | 8,394,000 |
| Operating ROA | 3.53% | 3.80% | 3.98% | 2.97% | 4.21% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $396,000K ÷ $11,208,000K
= 3.53%
Portland General Electric Co's operating return on assets (operating ROA) has exhibited fluctuations over the past five years. In 2019, the operating ROA was relatively high at 4.21%, indicating that the company generated a significant return from its operating activities relative to its assets. However, this ratio decreased to 2.97% in 2020, suggesting a decline in operational efficiency and profitability during that period.
Subsequently, there was a slight recovery in 2021 with an operating ROA of 3.98%, although it remained below the 2019 level. The ratio further decreased to 3.80% in 2022 before slightly dropping again to 3.53% in 2023.
The declining trend in operating ROA from 2019 to 2023 could be attributed to various factors such as changes in operating expenses, the level of revenue generated from the company's assets, and shifts in the industry or market conditions affecting Portland General Electric Co. Overall, the company's ability to generate profit from its operational activities relative to its assets has shown variability in recent years.
Peer comparison
Dec 31, 2023