Portland General Electric Co (POR)
Return on assets (ROA)
| 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 | 228,000 | 211,000 | 222,000 | 247,000 | 233,000 | 248,000 | 240,000 | 208,000 | 244,000 | 230,000 | 163,000 | 170,000 | 155,000 | 164,000 | 236,000 | 222,000 | 214,000 | 202,000 | 200,000 | 221,000 |
| Total assets | US$ in thousands | 11,208,000 | 10,603,000 | 10,370,000 | 10,151,000 | 10,459,000 | 9,849,000 | 9,783,000 | 9,723,000 | 9,494,000 | 9,542,000 | 9,099,000 | 9,069,000 | 9,069,000 | 8,869,000 | 8,805,000 | 8,470,000 | 8,394,000 | 8,154,000 | 7,997,000 | 7,948,000 |
| ROA | 2.03% | 1.99% | 2.14% | 2.43% | 2.23% | 2.52% | 2.45% | 2.14% | 2.57% | 2.41% | 1.79% | 1.87% | 1.71% | 1.85% | 2.68% | 2.62% | 2.55% | 2.48% | 2.50% | 2.78% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $228,000K ÷ $11,208,000K
= 2.03%
Portland General Electric Co's Return on Assets (ROA) has fluctuated over the past eight quarters, ranging from 1.99% to 2.52%. In the most recent quarter, Q4 2023, the ROA stood at 2.03%. This indicates that for every dollar of assets the company holds, it generated a return of 2.03 cents in net income.
The ROA trend shows some variability but generally ranges around the 2% mark, exhibiting a consistent ability to generate earnings in relation to its total assets. The highest ROA was observed in Q3 2022 at 2.52%, while the lowest was in Q3 2023 at 1.99%. Despite these fluctuations, the company has maintained a relatively stable performance in utilizing its assets to generate profits.
Overall, the ROA analysis suggests that Portland General Electric Co is effectively utilizing its assets to generate returns for its shareholders, indicating operational efficiency and sound financial management.
Peer comparison
Dec 31, 2023