UNITIL Corporation (UTL)

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	45,200	44,200	43,300	44,000	41,400	41,400	40,900	38,700	36,100	35,200	35,500	35,900	32,200	30,000	32,000	32,900	44,200	43,800	44,300	43,900
Total assets	US$ in thousands	1,670,400	1,620,200	1,595,300	1,614,700	1,590,400	1,578,900	1,547,100	1,552,300	1,540,300	1,509,000	1,477,100	1,477,000	1,477,900	1,423,900	1,384,500	1,378,400	1,370,800	1,309,700	1,279,300	1,290,200
ROA		2.71%	2.73%	2.71%	2.72%	2.60%	2.62%	2.64%	2.49%	2.34%	2.33%	2.40%	2.43%	2.18%	2.11%	2.31%	2.39%	3.22%	3.34%	3.46%	3.40%

December 31, 2023 calculation

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

Unitil Corp.'s return on assets (ROA) has been relatively stable over the past eight quarters, ranging from 1.68% to 2.73%. In the most recent quarter, Q4 2023, the ROA was 2.71%, indicating that the company generated $0.0271 in profit for every dollar of assets it owns. This is a positive sign as it shows the company's ability to efficiently use its assets to generate profits.

The consistency in ROA over the quarters suggests that Unitil Corp. has been effectively managing its assets to generate steady returns. The ROA peaking at 2.73% in Q3 2023 indicates a particularly strong performance in that quarter, potentially due to operational efficiency or improved asset utilization.

Overall, Unitil Corp.'s stable and relatively high ROA indicates that the company is efficiently utilizing its assets to generate profits, which is a positive signal for investors and stakeholders.