Spire Inc (SR)

Operating return on assets (Operating ROA)

		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	Dec 31, 2019
Operating income (ttm)	US$ in thousands	488,300	464,600	445,900	407,600	418,600	572,700	598,600	583,500	528,600	473,700	469,000	481,200	518,800	423,600	283,900	237,000	206,400	180,700	300,500	299,500
Total assets	US$ in thousands	10,860,700	10,710,900	10,711,400	10,631,700	10,313,600	10,037,500	10,049,000	10,327,700	10,083,700	9,783,900	9,401,300	9,650,500	9,356,400	8,893,300	8,936,800	8,515,600	8,241,200	7,822,600	8,018,000	7,961,000
Operating ROA		4.50%	4.34%	4.16%	3.83%	4.06%	5.71%	5.96%	5.65%	5.24%	4.84%	4.99%	4.99%	5.54%	4.76%	3.18%	2.78%	2.50%	2.31%	3.75%	3.76%

September 30, 2024 calculation

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

Operating return on assets (ROA) is a key financial ratio that indicates how efficiently a company is generating profits from its operational assets. In the case of Spire Inc, the operating ROA has shown some fluctuations over the past few quarters.

The trend indicates that operating ROA has generally been on a decline from the high of 5.96% in March 2023 to the recent low of 4.16% in March 2024. This could suggest potential challenges in effectively utilizing assets to generate operating profits during this period.

However, it is worth noting that there have been periods of improvement in the operating ROA, such as the increase from 4.06% in September 2023 to 4.50% in September 2024. This uptick may indicate efforts to enhance operational efficiency and profitability.

Overall, the fluctuating nature of Spire Inc's operating ROA highlights the importance of closely monitoring asset utilization and operational performance to sustain and improve profitability levels in the future.