UGI Corporation (UGI)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -1,502,000 | 1,073,000 | 1,467,000 | 532,000 | 256,000 |
| Total assets | US$ in thousands | 15,401,000 | 17,575,000 | 16,723,000 | 13,985,000 | 13,347,000 |
| ROA | -9.75% | 6.11% | 8.77% | 3.80% | 1.92% |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $-1,502,000K ÷ $15,401,000K
= -9.75%
Based on the provided data, UGI Corp.'s return on assets (ROA) experienced a significant decline from 6.11% in 2022 to -9.75% in 2023. This negative ROA indicates that the company's net income generated from its assets was insufficient to cover the total assets, resulting in a loss. The downward trend in ROA suggests a decrease in the company's profitability and efficiency in utilizing its assets to generate earnings. It is important for investors and stakeholders to closely monitor the company's operational performance and asset management strategies to understand the factors contributing to the declining ROA.
Peer comparison
Sep 30, 2023