SJW Corporation (SJW)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	149,435	163,327	144,323	139,567	130,978	112,260	108,432	114,669	111,159	103,782	111,891	115,322	117,670	99,396	74,597	60,498	57,479	68,945	77,689	78,517
Total assets	US$ in thousands	4,345,070	3,843,430	3,712,160	3,652,500	3,755,060	3,604,700	3,541,050	3,511,880	3,492,400	3,469,740	3,409,520	3,332,140	3,311,460	3,259,710	3,209,980	3,174,300	3,132,470	2,022,380	2,003,650	1,958,810
Operating ROA		3.44%	4.25%	3.89%	3.82%	3.49%	3.11%	3.06%	3.27%	3.18%	2.99%	3.28%	3.46%	3.55%	3.05%	2.32%	1.91%	1.83%	3.41%	3.88%	4.01%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $149,435K ÷ $4,345,070K
= 3.44%

SJW Group's operating return on assets (ROA) has shown a consistently positive trend over the past eight quarters. The operating ROA has ranged from 2.76% to 4.23% during this period. The company's ability to generate operating profits from its assets has improved steadily, with the most recent quarter (Q3 2023) reaching a peak of 4.23%. This indicates that SJW Group has been effectively utilizing its assets to generate operating income. Overall, the trend suggests a favorable operational performance and efficient asset management by SJW Group.