Southwest Gas Holdings Inc (SWX)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 150,889 | -203,290 | 200,779 | 232,324 | 213,936 |
| Total assets | US$ in thousands | 11,869,900 | 13,196,600 | 12,765,300 | 8,735,850 | 8,170,050 |
| ROA | 1.27% | -1.54% | 1.57% | 2.66% | 2.62% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $150,889K ÷ $11,869,900K
= 1.27%
Southwest Gas Holdings Inc's Return on Assets (ROA) has fluctuated over the past five years. In 2023, the ROA stood at 1.27%, which is an improvement compared to the previous year's negative ROA of -1.54% in 2022. This suggests that the company has been able to generate a positive return relative to its assets in the most recent period.
Looking further back, in 2021, Southwest Gas Holdings Inc achieved an ROA of 1.57%, which was also positive but lower than the levels seen in 2020 and 2019. In those years, the ROA was 2.66% and 2.62%, respectively, indicating a higher return on assets compared to the most recent years.
Overall, the trend in ROA for Southwest Gas Holdings Inc shows fluctuations, with both positive and negative values. It is important for the company to strive for higher and more consistent ROA figures to demonstrate efficient utilization of its assets to generate profits.
Peer comparison
Dec 31, 2023