Sempra Energy (SRE)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,075,000 | 2,139,000 | 1,318,000 | 3,764,000 | 2,055,000 |
| Total assets | US$ in thousands | 87,181,000 | 78,574,000 | 72,045,000 | 66,623,000 | 65,665,000 |
| ROA | 3.53% | 2.72% | 1.83% | 5.65% | 3.13% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $3,075,000K ÷ $87,181,000K
= 3.53%
The return on assets (ROA) for Sempra has fluctuated over the past five years. In 2023, the ROA increased to 3.48%, up from 2.67% in 2022 and 1.74% in 2021. However, the ROA in 2023 was still lower than the 5.65% reported in 2020. This suggests that the company's ability to generate profits from its assets improved in 2023 compared to the previous two years but has not yet reached the performance achieved in 2020. Overall, Sempra's ROA has shown variability over the years, indicating changes in efficiency and profitability in utilizing its assets. Further analysis is needed to understand the factors driving these fluctuations in ROA.
Peer comparison
Dec 31, 2023