SJW Group Common Stock (SJW)

Return on equity (ROE)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	93,967	84,987	73,828	60,478	61,515
Total stockholders’ equity	US$ in thousands	1,366,970	1,233,400	1,110,870	1,034,520	917,160
ROE		6.87%	6.89%	6.65%	5.85%	6.71%

December 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $93,967K ÷ $1,366,970K
= 6.87%

The return on equity (ROE) of SJW Group Common Stock has displayed a fluctuating trend over the years based on the provided data.

- As of December 31, 2020, the ROE stood at 6.71%, indicating the company generated a return of $6.71 for every $100 of shareholders' equity.
- By December 31, 2021, the ROE decreased slightly to 5.85%, reflecting a decline in profitability compared to the previous year.
- However, in the following years, the ROE showed signs of improvement. By December 31, 2022, the ROE had increased to 6.65%, continuing the upward trajectory in profitability.
- The positive trend continued as of December 31, 2023, with the ROE rising further to 6.89%, indicating enhanced efficiency in utilizing shareholders' equity to generate profits.
- By the end of December 31, 2024, the ROE remained relatively stable at 6.87%, suggesting that the company sustained its profitability levels.

Overall, the fluctuating but generally improving trend in SJW Group Common Stock's ROE indicates the company's ability to generate increasing returns for its shareholders over the years, with occasional fluctuations reflecting changes in profitability and efficiency.