UNITIL Corporation (UTL)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	45,200	41,400	36,100	32,200	44,200
Total assets	US$ in thousands	1,670,400	1,590,400	1,540,300	1,477,900	1,370,800
ROA		2.71%	2.60%	2.34%	2.18%	3.22%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $45,200K ÷ $1,670,400K
= 2.71%

Unitil Corp.'s return on assets (ROA) has shown a fluctuating trend over the past five years. The ROA increased from 3.22% in 2019 to 2.71% in 2023, suggesting a reduction in the company's efficiency in generating profits from its assets. However, it is important to note that the ROA remained positive throughout the period, indicating that the company was able to generate a profit from its assets each year.

The average ROA over the five-year period was 2.61%, with a low of 2.17% in 2020 and a high of 3.22% in 2019. This suggests that Unitil Corp. has been able to maintain a relatively stable performance in terms of utilizing its assets to generate profits.

Overall, while there have been fluctuations in Unitil Corp.'s ROA over the past five years, the company has managed to consistently generate a positive return from its assets. This indicates that the company has been effective in using its resources efficiently to generate profits for its shareholders.