Southwest Gas Holdings Inc (SWX)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 483,771 | 440,959 | 439,706 | 441,256 | 508,628 | 702,143 | 691,849 | 652,738 | 595,735 | 580,625 | 553,988 | 567,594 | 572,553 | 408,814 | 439,778 | 448,084 | 423,004 | 408,413 | 392,407 | 379,704 |
| Total assets | US$ in thousands | 12,023,800 | 11,875,000 | 11,985,300 | 11,888,000 | 11,869,900 | 11,836,300 | 11,950,900 | 11,810,200 | 13,196,600 | 13,102,600 | 12,923,000 | 13,249,500 | 12,765,300 | 10,369,600 | 9,039,020 | 8,928,640 | 8,735,850 | 8,429,660 | 8,426,040 | 8,093,220 |
| Operating ROA | 4.02% | 3.71% | 3.67% | 3.71% | 4.29% | 5.93% | 5.79% | 5.53% | 4.51% | 4.43% | 4.29% | 4.28% | 4.49% | 3.94% | 4.87% | 5.02% | 4.84% | 4.84% | 4.66% | 4.69% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $483,771K ÷ $12,023,800K
= 4.02%
The operating return on assets (operating ROA) for Southwest Gas Holdings Inc has fluctuated over the time period analyzed. Starting at 4.69% in March 2020, it remained relatively stable around the 4.6% range until March 2021 when it increased to 5.02%. However, there was a slight decline in the following quarters before experiencing a notable drop to 3.94% in September 2021. The operating ROA recovered in the subsequent quarters, reaching a peak of 5.93% in September 2023. Despite this peak, the ratio decreased again by December 2023 to 4.29%. In the last quarter reported, December 2024, the operating ROA stood at 4.02%.
Overall, the operating ROA trend indicates some variability in the company's ability to generate operating profits from its total assets over the period, with some fluctuations reflecting changing operational efficiency and performance. It is essential for stakeholders to closely monitor these trends to assess Southwest Gas Holdings Inc's financial health and operational effectiveness.
Peer comparison
Dec 31, 2024