SJW Corporation (SJW)
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 | 149,435 | 130,978 | 111,159 | 117,670 | 57,479 |
| Total assets | US$ in thousands | 4,345,070 | 3,755,060 | 3,492,400 | 3,311,460 | 3,132,470 |
| Operating ROA | 3.44% | 3.49% | 3.18% | 3.55% | 1.83% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $149,435K ÷ $4,345,070K
= 3.44%
SJW Group's operating return on assets (ROA) has exhibited fluctuations over the past five years. In 2023 and 2022, the operating ROA remained stable at 3.44%, indicating a consistent operational efficiency in generating earnings relative to its assets. However, there was a slight increase in the operating ROA from 3.03% in 2021 to 3.55% in 2020, suggesting improved asset utilization and profitability during that period. Prior to 2020, the operating ROA was lower at 2.34% in 2019, indicating a less efficient use of assets to generate operating income. Overall, these trends in operating ROA reflect variations in SJW Group's ability to generate profits from its operations relative to its asset base over the past five years.
Peer comparison
Dec 31, 2023