UNITIL Corporation (UTL)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	47,100	45,200	41,400	36,100	32,200
Total assets	US$ in thousands	1,794,500	1,670,400	1,590,400	1,540,300	1,477,900
ROA		2.62%	2.71%	2.60%	2.34%	2.18%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $47,100K ÷ $1,794,500K
= 2.62%

UNITIL Corporation's return on assets (ROA) has shown a positive trend over the past five years. The ROA increased from 2.18% as of December 31, 2020, to 2.62% as of December 31, 2024. This indicates that the company has been able to generate higher returns from its assets over the years.

The gradual improvement in ROA suggests that UNITIL has been effectively utilizing its assets to generate profits. A higher ROA signifies that the company is efficient in managing its assets to generate earnings.

Although there was a slight dip in ROA from 2.71% as of December 31, 2023, to 2.62% as of December 31, 2024, it is important to note that the overall trend has been positive, indicating that UNITIL has been able to maintain a solid performance in terms of generating returns from its assets.

Overall, the increasing trend in UNITIL Corporation's ROA reflects positively on the company's asset management efficiency and profitability over the analyzed period.