TXNM Energy, Inc. (TXNM)

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 242,682 176,742 83,266 80,521 88,345 154,317 239,024 209,081 170,058 165,533 156,421 194,769 196,357 193,783 202,098 205,746 172,775 195,802 176,805 43,402
Total assets US$ in thousands 11,211,700 10,843,500 10,583,400 10,257,700 10,252,600 10,050,800 9,626,970 9,353,140 9,625,570 9,028,890 8,911,100 8,727,690 8,666,880 8,256,070 8,120,470 7,943,310 7,939,850 7,742,110 7,574,470 7,375,120
ROA 2.16% 1.63% 0.79% 0.78% 0.86% 1.54% 2.48% 2.24% 1.77% 1.83% 1.76% 2.23% 2.27% 2.35% 2.49% 2.59% 2.18% 2.53% 2.33% 0.59%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $242,682K ÷ $11,211,700K
= 2.16%

TXNM Energy, Inc.'s return on assets (ROA) has exhibited fluctuations over the past few years. From March 31, 2020, to June 30, 2022, the ROA generally increased steadily from 0.59% to 2.49%. However, from September 30, 2022, to December 31, 2024, there were fluctuations in the ROA, with values ranging between 1.54% and 2.24%.

Overall, TXNM Energy, Inc.'s ROA trend indicates that the company has been able to generate a reasonable return on its assets, with some variability in performance during the latter period. The management may need to focus on sustaining or improving ROA to ensure efficient utilization of assets and create value for stakeholders.