Spire Inc (SR)
Return on assets (ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 250,900 | 217,500 | 220,800 | 271,700 | 88,600 |
| Total assets | US$ in thousands | 10,860,700 | 10,313,600 | 10,083,700 | 9,356,400 | 8,241,200 |
| ROA | 2.31% | 2.11% | 2.19% | 2.90% | 1.08% |
September 30, 2024 calculation
ROA = Net income ÷ Total assets
= $250,900K ÷ $10,860,700K
= 2.31%
Spire Inc's return on assets (ROA) has shown fluctuating trends over the past five years. The ROA was 2.31% as of September 30, 2024, compared to 2.11% in 2023, indicating a slight improvement in the company's ability to generate earnings from its assets. However, when compared to the ROA of 2.19% in 2022 and 2.90% in 2021, the current ROA appears to be relatively stable but slightly lower.
It is noteworthy that the ROA in 2020 was significantly lower at 1.08%, suggesting that the company has made progress in utilizing its assets more efficiently to generate earnings. Overall, while the recent ROA of 2.31% indicates moderate returns relative to the company's asset base, further analysis may be warranted to understand the factors influencing Spire Inc's profitability and asset utilization in the current financial period.
Peer comparison
Sep 30, 2024