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.