Sempra Energy (SRE)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 4,782,000 | 5,221,000 | 5,687,000 | 6,150,000 | 3,662,000 | 4,308,000 | 2,480,000 | 1,957,000 | 1,686,000 | 953,000 | 2,288,000 | 2,327,000 | 2,277,000 | 2,547,000 | 2,939,000 | 2,841,000 | 2,918,000 | 3,685,000 | 3,932,000 | 4,265,000 |
| Total assets | US$ in thousands | 87,181,000 | 85,735,000 | 82,727,000 | 80,549,000 | 78,574,000 | 75,563,000 | 75,582,000 | 74,922,000 | 72,045,000 | 70,472,000 | 68,608,000 | 67,821,000 | 66,623,000 | 67,222,000 | 68,385,000 | 68,293,000 | 65,665,000 | 64,585,000 | 62,727,000 | 61,618,000 |
| Operating ROA | 5.49% | 6.09% | 6.87% | 7.64% | 4.66% | 5.70% | 3.28% | 2.61% | 2.34% | 1.35% | 3.33% | 3.43% | 3.42% | 3.79% | 4.30% | 4.16% | 4.44% | 5.71% | 6.27% | 6.92% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $4,782,000K ÷ $87,181,000K
= 5.49%
The operating return on assets (ROA) for Sempra has been relatively stable over the past eight quarters, ranging from a low of 3.25% in Q4 2022 to a high of 4.26% in Q4 2023. Operating ROA is a measure of how effectively the company is generating profits from its assets used in operations. The upward trend in operating ROA from Q4 2022 to Q4 2023 indicates that Sempra has improved its profitability per dollar of assets employed.
On average, Sempra's operating ROA over this period is 4.01%, although there were fluctuations in different quarters. The company's ability to maintain operating ROA above 4% in most quarters suggests efficient utilization of its assets to generate income from its core operations. However, it is essential to continue monitoring operating ROA to ensure sustained profitability and asset productivity.
Peer comparison
Dec 31, 2023