Southwest Gas Holdings Inc (SWX)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 150,889 | -202,564 | -218,104 | -253,557 | -203,290 | 147,237 | 147,970 | 179,664 | 200,779 | 234,380 | 264,229 | 277,075 | 232,324 | 220,498 | 207,578 | 191,669 | 213,936 | 191,522 | 198,500 | 197,995 |
| 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 |
| ROA | 1.27% | -1.71% | -1.83% | -2.15% | -1.54% | 1.12% | 1.15% | 1.36% | 1.57% | 2.26% | 2.92% | 3.10% | 2.66% | 2.62% | 2.46% | 2.37% | 2.62% | 2.44% | 2.59% | 2.62% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $150,889K ÷ $11,869,900K
= 1.27%
Southwest Gas Holdings Inc's return on assets (ROA) has been fluctuating over the past eight quarters. The ROA was positive in Q4 2023 at 1.27%, indicating that the company generated a profit relative to its total assets during that period. However, in the previous three quarters (Q3 2023, Q2 2023, Q1 2023), the ROA was negative, suggesting that the company incurred losses compared to its total assets. This negative trend was also observed in Q4 2022.
Overall, Southwest Gas Holdings Inc's ROA has shown inconsistency, with both positive and negative values in recent quarters. It would be important to further investigate the factors contributing to these fluctuations to better understand the company's financial performance and efficiency in generating profits from its assets.
Peer comparison
Dec 31, 2023