Essential Utilities Inc (WTRG)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	692,097	688,085	676,541	659,027	661,187	630,803	606,394	597,986	602,709	595,969	599,750	593,541	434,686	387,150	388,387	346,217	340,159	317,652	315,475	321,280
Total assets	US$ in thousands	16,841,500	16,432,800	16,101,900	15,818,300	15,719,100	15,279,800	15,046,200	14,877,000	14,658,300	14,236,500	13,934,000	13,821,900	13,705,300	13,399,500	13,028,400	12,929,000	9,361,980	9,340,970	9,180,350	7,080,950
Operating ROA		4.11%	4.19%	4.20%	4.17%	4.21%	4.13%	4.03%	4.02%	4.11%	4.19%	4.30%	4.29%	3.17%	2.89%	2.98%	2.68%	3.63%	3.40%	3.44%	4.54%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $692,097K ÷ $16,841,500K
= 4.11%

The operating return on assets (operating ROA) of Essential Utilities Inc has been relatively stable over the past eight quarters, ranging from 4.02% to 4.21%. The company's ability to generate operating income from its assets has shown consistency, with minor fluctuations within this narrow range. Overall, Essential Utilities Inc has maintained a moderate level of operating efficiency in utilizing its assets to generate operating profits during the analyzed period.