SJW Corporation (SJW)

Return on assets (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
Net income (ttm)	US$ in thousands	84,987	99,537	88,349	81,621	73,828	58,348	52,382	61,599	60,478	55,743	62,768	61,714	61,515	42,745	26,130	19,947	23,403	37,712	44,022	43,355
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
ROA		1.96%	2.59%	2.38%	2.23%	1.97%	1.62%	1.48%	1.75%	1.73%	1.61%	1.84%	1.85%	1.86%	1.31%	0.81%	0.63%	0.75%	1.86%	2.20%	2.21%

December 31, 2023 calculation

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

SJW Group's return on assets (ROA) has shown a generally positive trend over the past eight quarters, ranging from 1.48% in Q2 2022 to 2.59% in Q3 2023. This indicates that the company has been efficient in generating profits relative to its total assets during this period. The ROA peaked in Q3 2023, suggesting strong asset utilization and potentially effective management of the company's resources. Overall, the increasing trend in ROA reflects improving operational efficiency and effective utilization of assets by SJW Group.