UNITIL Corporation (UTL)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	489,300	479,800	484,400	486,400	467,600	458,800	464,300	465,300	448,500	439,600	400,800	403,300	389,200	380,800	385,700	387,900	376,800	370,000	373,000	373,900
ROE		9.24%	9.21%	8.94%	9.05%	8.85%	9.02%	8.81%	8.32%	8.05%	8.01%	8.86%	8.90%	8.27%	7.88%	8.30%	8.48%	11.73%	11.84%	11.88%	11.74%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $45,200K ÷ $489,300K
= 9.24%

Unitil Corp.'s return on equity (ROE) has shown relatively stable performance over the past eight quarters. The company's ROE ranged from 8.31% to 9.24% during this period, with a slight upward trend overall. This indicates that Unitil Corp. has been effectively utilizing its shareholders' equity to generate profits.

Although the ROE fluctuated slightly quarter to quarter, it consistently remained above 8%, showing that the company has been able to maintain a healthy level of profitability relative to its equity base. This suggests that Unitil Corp. is efficiently managing its assets and liabilities to generate returns for its shareholders.

Overall, the trend in Unitil Corp.'s ROE indicates a solid financial performance and an ability to generate value for its investors through effective management of its resources.