Essential Utilities Inc (WTRG)

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	498,226	477,710	466,272	457,295	465,237	466,811	448,676	447,299	431,612	417,813	423,042	416,757	284,849	246,369	279,126	259,400	224,543	156,659	146,386	158,073
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
ROA		2.96%	2.91%	2.90%	2.89%	2.96%	3.06%	2.98%	3.01%	2.94%	2.93%	3.04%	3.02%	2.08%	1.84%	2.14%	2.01%	2.40%	1.68%	1.59%	2.23%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $498,226K ÷ $16,841,500K
= 2.96%

Essential Utilities Inc's return on assets (ROA) has been relatively stable over the past eight quarters, ranging from 2.89% to 3.06%. The company's ability to generate profits from its assets has demonstrated consistency, with a slight decline in recent quarters. This indicates that Essential Utilities Inc may be experiencing some challenges in efficiently using its assets to generate returns for its shareholders. Overall, the ROA trend suggests that the company's asset management efficiency is worth monitoring to ensure sustainable profitability in the future.