Portland General Electric Co (POR)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 313,000 | 228,000 | 233,000 | 244,000 | 13,000 |
| Total assets | US$ in thousands | 12,544,000 | 11,208,000 | 10,459,000 | 9,494,000 | 9,069,000 |
| ROA | 2.50% | 2.03% | 2.23% | 2.57% | 0.14% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $313,000K ÷ $12,544,000K
= 2.50%
Portland General Electric Co's return on assets (ROA) has shown significant improvement over the past few years. In December 2020, the ROA was a modest 0.14%, indicating lower profitability relative to assets. However, by December 2021, the ROA surged to 2.57%, demonstrating a substantial increase in efficiency in generating profits from its assets.
The trend continued in subsequent years, with ROA levels remaining relatively high at 2.23% in December 2022, 2.03% in December 2023, and 2.50% in December 2024. These consistent ROA values suggest that Portland General Electric Co has effectively utilized its assets to generate profits, indicating strong financial performance and efficient asset management strategies.
Overall, the increasing trend in ROA over the years reflects positively on the company's ability to generate higher returns from its asset base, which is a key indicator of financial health and operational effectiveness.
Peer comparison
Dec 31, 2024