UGI Corporation (UGI)
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 | -454,000 | -1,502,000 | -1,389,000 | -607,000 | 216,000 | 1,073,000 | 1,354,000 | 1,511,000 | 1,067,000 | 1,467,000 | 951,000 | 886,000 | 623,000 | 532,000 | 471,000 | 384,000 | 404,000 | 256,000 | 332,400 | 386,800 |
| 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 |
| ROA | -2.89% | -9.75% | -9.11% | -3.69% | 1.26% | 6.11% | 7.91% | 8.50% | 6.35% | 8.77% | 6.34% | 5.93% | 4.23% | 3.80% | 3.40% | 2.72% | 2.83% | 1.92% | 2.77% | 3.13% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-454,000K ÷ $15,716,000K
= -2.89%
The return on assets (ROA) for UGI Corp. has been volatile over the past eight quarters. The company experienced negative ROA figures in Q1 2024, Q4 2023, and Q3 2023, indicating that its profitability in relation to its total assets was weak during these periods. The most significant decline in ROA was observed in Q4 2023, where it plummeted to -9.75%.
Prior to this period of decline, UGI Corp. had shown a positive trend in ROA from Q2 2022 to Q1 2023, reaching a peak of 8.50% in Q2 2022. This indicated that the company was effectively generating profit from its assets during that time. However, this trend reversed, and the ROA began to decrease steadily, eventually turning negative in recent quarters.
The overall trend in the ROA of UGI Corp. suggests a recent deterioration in the company's ability to generate profits relative to its assets, raising concerns about its operational efficiency and profitability. Further analysis of the company's financial performance and operational strategies may be necessary to understand the underlying reasons for the fluctuation in ROA.
Peer comparison
Dec 31, 2023