SJW Corporation (SJW)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,233,400	1,220,250	1,182,720	1,152,480	1,110,870	1,049,350	1,029,840	1,028,420	1,034,520	1,000,710	989,679	978,296	917,160	913,061	895,131	883,541	889,984	896,664	893,995	888,293
ROE		6.89%	8.16%	7.47%	7.08%	6.65%	5.56%	5.09%	5.99%	5.85%	5.57%	6.34%	6.31%	6.71%	4.68%	2.92%	2.26%	2.63%	4.21%	4.92%	4.88%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $84,987K ÷ $1,233,400K
= 6.89%

SJW Group's return on equity (ROE) has demonstrated a generally positive trend over the past eight quarters. The ROE has ranged from 5.09% to 8.16% during this period. In the most recent quarter, Q4 2023, the ROE stood at 6.89%.

Although there have been fluctuations in the ROE over the quarters, these fluctuations have generally been within a relatively narrow range. This indicates a certain level of stability in the company's ability to generate profits from its equity.

The upward trend in the ROE from 5.09% in Q2 2022 to 8.16% in Q3 2023 suggests an improvement in the company's profitability and efficiency in utilizing its shareholders' equity. However, the ROE decreased slightly in the most recent quarter, Q4 2023, which is worth monitoring to see if it is an isolated event or a trend reversal.

Overall, the company's ROE performance indicates a reasonable return on equity but may benefit from further analysis to identify underlying factors impacting its profitability and efficiency in generating shareholder value.