Spire Inc (SR)

Return on assets (ROA)

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	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	184,600	193,000	221,900
Total assets	US$ in thousands	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	7,619,200	7,332,000	7,273,600
ROA		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%	2.42%	2.63%	3.05%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $211,600K ÷ $10,631,700K
= 1.99%

To analyze Spire Inc.'s return on assets (ROA) over the period provided, we observe fluctuations in the ratios captured in the data. The ROA measures the company's efficiency in generating profits relative to its total assets.

The ROA for Spire Inc. varied between 1.85% and 2.45% across the quarters presented. There was a downward trend from Q2 2023 to Q1 2024, with a decrease from 2.45% to 1.85%. This decline might indicate a potential decrease in the company's ability to generate earnings from its assets during this period.

However, it is essential to note that even though there were fluctuations, the ROA values remained relatively close to each other, with no significant outliers. This suggests that the company's overall performance in utilizing its assets to generate profits was relatively stable during the period analyzed.

In conclusion, while Spire Inc.'s ROA experienced some variability, the company generally maintained an average return on its assets within a narrow range, indicating consistent performance in converting assets into profits over the quarters reviewed.