Southern Company (SO)
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 | 3,977,000 | 2,884,000 | 2,934,000 | 3,203,000 | 3,373,000 | 3,627,000 | 3,256,000 | 2,521,000 | 2,625,000 | 3,011,000 | 3,161,000 | 3,401,000 | 3,133,000 | 3,171,000 | 3,236,000 | 3,523,000 | 4,739,000 | 4,577,000 | 4,425,000 | 3,372,000 |
| Total assets | US$ in thousands | 139,331,000 | 138,321,000 | 137,116,000 | 134,756,000 | 134,891,000 | 134,005,000 | 130,769,000 | 128,639,000 | 127,534,000 | 127,861,000 | 125,907,000 | 125,393,000 | 122,935,000 | 123,158,000 | 119,731,000 | 118,852,000 | 118,700,000 | 117,591,000 | 114,867,000 | 114,096,000 |
| ROA | 2.85% | 2.09% | 2.14% | 2.38% | 2.50% | 2.71% | 2.49% | 1.96% | 2.06% | 2.35% | 2.51% | 2.71% | 2.55% | 2.57% | 2.70% | 2.96% | 3.99% | 3.89% | 3.85% | 2.96% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $3,977,000K ÷ $139,331,000K
= 2.85%
The return on assets (ROA) for Southern Company has been relatively consistent over the past eight quarters, ranging from 1.78% to 2.85%. The Q4 2023 ROA of 2.85% represents an improvement compared to the previous quarter and is one of the highest ROA figures observed during this period. This suggests that Southern Company has been effectively utilizing its assets to generate profits in the most recent quarter.
Overall, the trend in ROA for Southern Company appears to be positive, indicating efficient asset management and profitability. This consistent performance implies that the company has been successful in generating earnings relative to its total assets over the analyzed period. It is important for Southern Company to maintain or improve its ROA in the future to ensure sustainable growth and value creation for its stakeholders.
Peer comparison
Dec 31, 2023