SJW Group Common Stock (SJW)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 170,503 | 149,435 | 130,978 | 111,159 | 117,670 |
| Total assets | US$ in thousands | 1,956,220 | 4,345,070 | 3,632,620 | 3,485,970 | 3,319,130 |
| Operating ROA | 8.72% | 3.44% | 3.61% | 3.19% | 3.55% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $170,503K ÷ $1,956,220K
= 8.72%
The operating return on assets (Operating ROA) for SJW Group Common Stock has exhibited fluctuating trends over the period specified. From December 31, 2020, to December 31, 2024, the Operating ROA ranged from a low of 3.19% in 2021 to a high of 8.72% in 2024.
The increase in Operating ROA from 2020 to 2024 indicates an improvement in the company's ability to generate operating profits from its assets. This could be attributed to factors such as increased efficiency in operations, cost management, or revenue growth.
It is noteworthy that the substantial jump in Operating ROA in 2024 to 8.72% suggests a significant improvement in the company's operational performance and asset utilization compared to the previous years. This could indicate a positive shift in the company's profitability and efficiency in utilizing its assets to generate earnings.
Overall, the varying Operating ROA figures over the years suggest that SJW Group Common Stock has been actively working to enhance its operational efficiency and profitability, resulting in improved returns on its assets. However, close monitoring of future trends is recommended to assess the sustainability of this positive trajectory.
Peer comparison
Dec 31, 2024