SJW Group Common Stock (SJW)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,366,970	1,333,800	1,274,610	1,240,250	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
ROE		6.87%	6.75%	6.87%	6.87%	6.89%	8.16%	7.47%	7.06%	6.62%	5.52%	5.05%	5.99%	5.85%	5.58%	6.36%	6.32%	6.72%	4.69%	2.92%	2.26%

December 31, 2024 calculation

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

The return on equity (ROE) for SJW Group Common Stock has shown a fluctuating trend over the past five years. Starting at 2.26% in March 2020, the ROE gradually increased to reach its peak of 8.16% in September 2023. However, there was a slight dip in the ROE to 6.89% by the end of December 2023.

In the following quarters, the ROE continued to hover around the 6-7% range, indicating relative stability in the company's ability to generate profits from shareholders' equity. The ROE stood at 6.87% for three consecutive quarters at the end of June, September, and December 2024.

Overall, the ROE performance of SJW Group Common Stock demonstrates a moderate level of profitability relative to shareholders' equity, with some variability in the figures over the period under review. The company may want to further analyze the factors influencing its ROE to sustain or potentially improve its return to shareholders.