TXNM Energy, Inc. (TXNM)

Operating return on assets (Operating ROA)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Operating income US$ in thousands 453,486 231,340 393,760 308,153 285,281
Total assets US$ in thousands 11,211,700 10,252,600 9,257,380 8,666,880 7,939,850
Operating ROA 4.04% 2.26% 4.25% 3.56% 3.59%

December 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $453,486K ÷ $11,211,700K
= 4.04%

TXNM Energy, Inc.'s operating return on assets (ROA) demonstrates some fluctuations over the years. The company's operating ROA was 3.59% as of December 31, 2020, and slightly declined to 3.56% by December 31, 2021. However, there was a noticeable increase in operating ROA to 4.25% by December 31, 2022. Subsequently, the operating ROA decreased to 2.26% by December 31, 2023, reflecting a downturn in profitability. However, there was a recovery in profitability as the operating ROA improved to 4.04% by December 31, 2024. Overall, while there were some fluctuations in operating ROA, the company managed to maintain a relatively stable performance with some intermittent improvements in profitability.