SJW Group Common Stock (SJW)

Return on assets (ROA)

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Net income (ttm) US$ in thousands 93,967 89,996 87,566 85,156 84,987 99,537 88,349 81,373 73,580 57,967 52,001 61,573 60,490 55,888 62,989 61,828 61,591 42,821 26,130 19,947
Total assets US$ in thousands 4,658,310 4,552,300 4,439,430 4,367,510 4,426,290 3,843,430 3,712,160 3,652,500 3,632,620 3,604,700 3,541,050 3,511,880 3,485,970 3,469,740 3,409,520 3,332,140 3,319,130 3,259,710 3,209,980 3,174,300
ROA 2.02% 1.98% 1.97% 1.95% 1.92% 2.59% 2.38% 2.23% 2.03% 1.61% 1.47% 1.75% 1.74% 1.61% 1.85% 1.86% 1.86% 1.31% 0.81% 0.63%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $93,967K ÷ $4,658,310K
= 2.02%

The return on assets (ROA) for SJW Group Common Stock has shown a fluctuating trend over the years based on the provided data. The ROA started at 0.63% on March 31, 2020, and gradually increased to a peak of 2.59% on September 30, 2023. It then decreased slightly to 1.92% by December 31, 2023, before experiencing a moderate recovery to 2.02% by December 31, 2024.

Overall, the ROA of SJW Group Common Stock reflects the company's ability to generate profit relative to its total assets. The variations in the ROA over the period indicate changes in the company's efficiency in utilizing its assets to generate earnings. Further analysis of the factors influencing these fluctuations in ROA, such as changes in revenue, expenses, asset utilization, and profitability, would provide a more comprehensive understanding of SJW Group's financial performance.