Spire Inc (SR)

Operating return on assets (Operating ROA)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Operating income	US$ in thousands	488,300	418,600	408,200	450,200	206,400
Total assets	US$ in thousands	10,860,700	10,313,600	10,083,700	9,356,400	8,241,200
Operating ROA		4.50%	4.06%	4.05%	4.81%	2.50%

September 30, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $488,300K ÷ $10,860,700K
= 4.50%

The operating return on assets (operating ROA) for Spire Inc has shown some fluctuation over the past five years. The trend indicates that the company's ability to generate operating income from its assets has varied within a range. In 2024, the operating ROA stands at 4.50%, showing a slight improvement compared to the previous year when it was 4.06% in 2023. Looking further back, in 2022, the operating ROA was relatively stable at 4.05%. However, there was a notable increase in 2021 with the operating ROA reaching 4.81%, and a significant improvement compared to 2020 when it was 2.50%.

Overall, the operating ROA for Spire Inc has demonstrated some inconsistency in performance over the years. It is essential for the company to assess the factors contributing to these fluctuations and work towards achieving more consistent and sustainable returns on its assets to ensure long-term profitability and efficiency in operations.