Spire Inc (SR)

Return on assets (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
Net income (ttm)	US$ in thousands	250,900	245,700	236,700	211,600	217,500	339,600	359,800	354,200	318,900	283,600	290,300	304,100	337,300	261,900	164,300	110,500	88,600	74,000	163,300	184,300
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
ROA		2.31%	2.29%	2.21%	1.99%	2.11%	3.38%	3.58%	3.43%	3.16%	2.90%	3.09%	3.15%	3.61%	2.94%	1.84%	1.30%	1.08%	0.95%	2.04%	2.32%

September 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $250,900K ÷ $10,860,700K
= 2.31%

Spire Inc's return on assets (ROA) has shown fluctuations over the past few quarters. The latest reported ROA of 2.31% for September 30, 2024, indicates the company generated approximately $0.023 in profit for every dollar of assets it owns.

Compared to the ROA from the previous quarter, the company's performance has improved slightly, as it was at 2.29% for June 30, 2024. However, this current ROA is still lower than the ROA reported for the same period last year, September 30, 2023, which was 2.11%.

It is important to note that the ROA peaked at 3.61% on March 31, 2021, and has experienced some variability since then, with some quarters showing better performance than others. This suggests that the company may have encountered challenges or implemented changes impacting its asset utilization and profitability.

Further analysis of Spire Inc's operational efficiency, asset management, and profitability trends would provide valuable insights into the factors influencing its ROA performance.