Southwest Gas Holdings Inc (SWX)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 201,189 | 181,602 | 182,170 | 192,715 | 150,889 | -632,359 | -646,908 | -681,867 | -631,600 | 148,722 | 148,464 | 179,664 | 200,779 | 234,380 | 264,229 | 277,075 | 232,324 | 220,498 | 207,578 | 191,669 |
| 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 |
| ROA | 1.67% | 1.53% | 1.52% | 1.62% | 1.27% | -5.34% | -5.41% | -5.77% | -4.79% | 1.14% | 1.15% | 1.36% | 1.57% | 2.26% | 2.92% | 3.10% | 2.66% | 2.62% | 2.46% | 2.37% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $201,189K ÷ $12,023,800K
= 1.67%
Southwest Gas Holdings Inc's return on assets (ROA) has shown fluctuations over the past few years. ROA stood at approximately 2.37% in March 2020 and gradually increased to 3.10% by March 2021, indicating improved efficiency in generating profits relative to its total assets. However, the ROA declined to 1.15% in June 2022 and further dropped to -5.77% by March 2023, reflecting a period of decreased profitability in relation to its assets.
There was a notable recovery as the ROA turned positive again and reached 1.67% by December 2024. This fluctuation in ROA suggests varying levels of operational efficiency and profitability in utilizing the company's assets during the period under review. Management may need to evaluate the factors influencing these fluctuations to maintain or enhance the company's overall financial performance.
Peer comparison
Dec 31, 2024