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Pinnacle West Capital Corporation  (PNW)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities


Pinnacle West Capital's ROA from the first quarter of 2024 to the first quarter of 2023 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is Pinnacle West Capital's ROA in the first quarter of 2024?
Pinnacle West Capital Corporation achieved a return on average assets (ROA) of 2.5 % in its first quarter of 2024, which is below Pinnacle West Capital's average return on assets, which stands at 2.51%.

ROA has improved compared to 2.44% in the fourth quarter of 2023, due to net income growth.

However, within the Utilities sector 67 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Mar 31 2024 quarter, so far to 1413, from total ROA ranking in the fourth quarter of 2023 at 1650.

What is ROA?


Return On Assets (Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Total Assets Change 5.25 % 8.69 % 7.44 % 7.24 % 8.48 %
Y / Y Net Income Change 1997.92 % - 21.74 % -34.19 % -95.25 %
Net Income (TTM) in million 539 519 495 423 481
Return On Assets (TTM) 2.5 % 2.44 % 2.37 % 2.07 % 2.39 %
PNW's Total Ranking # 1413 # 1650 # 1835 # 1971 # 1918
Total Assets (TTM) in million 21,788 21,697 21,610 21,066 20,702
Seq. Total Assets Change 0.42 % 0.4 % 2.58 % 1.76 % 3.7 %
Seq. Net Income Change 394.23 % -98.94 % 262.73 % 10897.92 % -



Return On Assets Company Ranking
Within: No.
Industry # 31
Sector # 68
Overall # 1412

Return On Assets Statistics
High Average Low
4.78 %
2.51 %
0.09 %
(Sep 30 2017)   (June 30. 2009)





Financial Statements
Pinnacle West Capital's Assets $ 21,788 million PNW's Balance sheet
Pinnacle West Capital's Income $ 21 million Quarterly PNW's Income Statement
PNW's Income by Division See PNW's Income by Division



Annual Return On Assets (Dec 31 2023)
FY 2023
(Dec 31 2022)
FY 2022
(Dec 31 2021)
FY 2021
(Dec 31 2020)
FY 2020
(Dec 31 2019)
FY 2019
Y / Y Total Assets Change 8.69 % 6.14 % 8.8 % -6.45 % 4.61 %
Total Assets in million 21,697 19,962 18,808 17,286 18,479
Y / Y Net Income Change 3.59 % -21.25 % 11.56 % 2.19 % 5.14 %
Net Income in million 519 501 636 570 558
Return On Assets 2.39 % 2.51 % 3.38 % 3.3 % 3.02 %




Comment on PNW's ROA in the fiscal year ending 2023
In the fiscal year 2023 ROA deteriorated to 2.39 %, despite annual net income growth of 3.59 % to $518.78 million, from $500.83 million a year ago, as PNW's assets increase to $21,696.64 million, by 3.59 %.


More Return On Assets Ratios
PNW's' Return on Assets at Yahoo Finance
Electric Utilities Industry Return On Assets Trends and Statistics
Utilities Sector Roa Statistics
Roa Trends for overall market
PNW's Roa Ratio versus Electric Utilities Industry, Utilities Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for PNW's Competitors
Roa for Pinnacle West Capital's Suppliers
Return On Assets for PNW's Customers

You may also want to know
PNW's Roi PNW's Inventory Turnover Ratio PNW's Growth Rates PNW's Dividend Comparisons
PNW's Profitability Ratios PNW's Asset Turnover Ratio PNW's Dividend Growth
PNW's Roe PNW's Valuation Ratios PNW's Financial Strength Ratios PNW's Dividend Payout Ratio



Companies with similar Return On Assets at Mar 31 2024, within Utilities Sector ROA
Antero Midstream Corporation  6.86 %
Nrg Energy Inc  6.07 %
Oncor Electric Delivery Company Llc  5.91 %
Williams companies inc   5.86 %
Oneok Inc   5.74 %
American States Water Co  5.12 %
Plains All American Pipeline Lp  5.04 %
Energy Transfer Lp  5.01 %
Pure Cycle Corporation  4.89 %
Archrock inc   4.84 %
Dt Midstream Inc   4.64 %
Plains Gp Holdings Lp  4.61 %
Genie Energy Ltd   4.46 %
Summit Midstream Partners Lp  4.40 %
Atmos Energy Corp  4.35 %
Northwest Natural Holding Company  4.30 %
Rgc Resources Inc   4.29 %
New Fortress Energy Inc   4.11 %
Equitrans Midstream Corporation  4.07 %
Sempra  3.85 %
New Jersey Resources Corporation  3.79 %
Wisconsin Public Service Corporation  3.75 %
Nextera Energy Inc   3.69 %
Enlink Midstream Llc  3.67 %
Kinder Morgan Inc   3.66 %
Public Service Enterprise Group Incorporated  3.58 %
Entergy Corporation  3.52 %
Chesapeake Utilities Corp  3.50 %
Essential Utilities Inc   3.45 %
Alliant Energy Corp  3.33 %


Date modified: 2024-05-03T00:54:38+00:00


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