UGI Corporation (UGI)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -8,000 | -1,444,000 | -1,378,000 | -547,000 | 530,000 | 1,666,000 | 2,149,000 | 2,441,000 | 1,780,000 | 2,350,000 | 1,633,000 | 1,416,000 | 1,107,000 | 982,000 | 814,000 | 649,000 | 826,000 | 617,000 | 765,200 | 785,700 |
| Total assets | US$ in thousands | 15,716,000 | 15,401,000 | 15,243,000 | 16,429,000 | 17,128,000 | 17,575,000 | 17,111,000 | 17,777,000 | 16,800,000 | 16,723,000 | 15,006,000 | 14,945,000 | 14,725,000 | 13,985,000 | 13,843,000 | 14,136,000 | 14,286,000 | 13,347,000 | 12,018,900 | 12,350,900 |
| Operating ROA | -0.05% | -9.38% | -9.04% | -3.33% | 3.09% | 9.48% | 12.56% | 13.73% | 10.60% | 14.05% | 10.88% | 9.47% | 7.52% | 7.02% | 5.88% | 4.59% | 5.78% | 4.62% | 6.37% | 6.36% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-8,000K ÷ $15,716,000K
= -0.05%
UGI Corp.'s operating return on assets (operating ROA) has shown a fluctuating trend over the past eight quarters. The company experienced a significant decrease in Q4 2023, with a negative operating ROA of -4.54%, which improved slightly in Q1 2024 to 3.56%. Prior to these fluctuations, the company had a positive trend, reaching a peak in Q2 2022 with an operating ROA of 13.44%. However, it is important to note that the operating ROA has been progressively decreasing since then.
Overall, while UGI Corp. has demonstrated periods of strong performance in terms of operating ROA, the recent fluctuations and downward trend may indicate potential challenges in effectively utilizing its assets to generate operating income. Further analysis of the company's financial and operational performance is recommended to gain a deeper understanding of the factors driving these fluctuations.
Peer comparison
Dec 31, 2023