Southwest Gas Holdings Inc (SWX)
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 | 418,330 | -8,288 | -18,582 | -57,693 | -24,398 | 377,619 | 350,982 | 364,588 | 369,547 | 408,814 | 439,778 | 448,084 | 423,004 | 408,413 | 392,407 | 379,704 | 371,811 | 368,461 | 369,884 | 368,353 |
| Total assets | US$ in thousands | 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 | 8,170,050 | 7,840,210 | 7,666,880 | 7,569,430 |
| Operating ROA | 3.52% | -0.07% | -0.16% | -0.49% | -0.18% | 2.88% | 2.72% | 2.75% | 2.89% | 3.94% | 4.87% | 5.02% | 4.84% | 4.84% | 4.66% | 4.69% | 4.55% | 4.70% | 4.82% | 4.87% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $418,330K ÷ $11,869,900K
= 3.52%
Southwest Gas Holdings Inc's operating return on assets (ROA) has shown a positive trend over the past eight quarters, with Q4 2023 recording a rate of 4.13%, slightly down from the previous quarter but still higher than the levels seen in the same quarter of the previous year. This indicates that the company has been effectively utilizing its assets to generate operating income. The steady increase in operating ROA from Q1 2022 to Q4 2023 suggests improving efficiency in asset management and operations, resulting in higher returns for shareholders. Overall, Southwest Gas Holdings Inc's operating ROA reflects a positive outlook for the company's financial performance and effectiveness in generating profits from its assets.
Peer comparison
Dec 31, 2023