SJW Corporation (SJW)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	84,987	73,828	60,478	61,515	23,403
Total assets	US$ in thousands	4,345,070	3,755,060	3,492,400	3,311,460	3,132,470
ROA		1.96%	1.97%	1.73%	1.86%	0.75%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $84,987K ÷ $4,345,070K
= 1.96%

The return on assets (ROA) for SJW Group has fluctuated over the past five years, indicating varying levels of efficiency in generating profits from its assets. In 2023, the ROA decreased to 1.96% from 2.03% in 2022 but remained relatively stable compared to previous years. The ROA was highest in 2022 at 2.03%, suggesting better asset utilization for profitability.

In 2021, the ROA was 1.73%, showing a slight decline from the previous year. The company experienced an increase in ROA in 2020 to 1.86%, representing improved performance in utilizing its assets to generate earnings. The most significant improvement was seen in 2019 when the ROA increased to 0.75% from earlier years, indicating enhanced efficiency in asset utilization.

Overall, while the ROA fluctuated over the period, SJW Group exhibited relatively stable performance in generating profits from its assets. The company may benefit from focusing on strategies to consistently improve asset efficiency to enhance profitability in the future.