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The Southern Company  (SO)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities


The Southern's ROA from the second quarter of 2023 to the second quarter of 2021 and 5 Year Period

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


What is The Southern's ROA in the second quarter of 2023?
The Southern Company achieved a return on average assets (ROA) of 2.39 % in its second quarter of 2023, which is below The Southern's average return on assets, which stands at 3.2%.

ROA decreased relative to the period ending Dec 31 2022, due to the decline in net income.

However, within the Utilities sector 74 other companies had a higher return on assets. While the total ranking for ROA unchanged, relative to the fourth quarter of 2022 at no. .

What is ROA?


Return On Assets (Jun 30 2023)
II. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2021)
III. Quarter
(Jun 30 2021)
II. Quarter
(Mar 31 2021)
I. Quarter
Y / Y Total Assets Change 9.35 % 9.73 % 3.82 % 5.16 % 5.5 %
Y / Y Net Income Change -25.65 % 133.24 % -13.48 % -39.45 % 31.63 %
Net Income (TTM) in million 3,144 3,428 2,951 3,124 3,369
Return On Assets (TTM) 2.39 % 2.67 % 2.35 % 2.51 % 2.74 %
SO's Total Ranking # # # # #
Total Assets (TTM) in million 137,116 134,891 127,861 125,907 125,393
Seq. Total Assets Change 1.65 % 5.5 % 1.55 % 0.41 % 2 %
Seq. Net Income Change -1.44 % -24.77 % 195.21 % -66.03 % 209.22 %



Return On Assets Company Ranking
Within: No.
Industry # 31
Sector # 75
Overall # 2144

Return On Assets Statistics
High Average Low
4.31 %
3.2 %
0.6 %
(Sep. 30, 2005)   (Sep 30 2017)





Financial Statements
The Southern's Assets $ 137,116 million SO's Balance sheet
The Southern's Income $ 823 million Quarterly SO's Income Statement
SO's Income by Division See SO's Income by Division



Annual Return On Assets (Dec 31 2022)
FY 2022
(Dec 31 2020)
FY 2020
(Dec 31 2019)
FY 2019
(Dec 31 2018)
FY 2018
(Dec 31 2017)
FY 2017
Y / Y Total Assets Change 9.73 % 3.57 % 1.53 % 5.32 % 1.19 %
Total Assets in million 134,891 122,935 118,700 116,914 111,005
Y / Y Net Income Change 10.47 % -34.59 % 106.26 % 148.38 % -63.38 %
Net Income in million 3,428 3,103 4,744 2,300 926
Return On Assets 2.54 % 2.52 % 4 % 1.97 % 0.83 %




Comment on SO's ROA in the fiscal year ending 2022
In the fiscal year 2022 ROA improved to 2.54 % compared to prior year, due to annual net income growth of 10.47 % to $3,428.00 million, while value of The Southern's overall assets grew just by 9.73 % to $134,891.00 million, compared to $134,891.00 a year before.


More Return On Assets Ratios
SO'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
SO's Roa Ratio versus Electric Utilities Industry, Utilities Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for SO's Competitors
Roa for The Southern's Suppliers
Return On Assets for SO's Customers

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



Companies with similar Return On Assets at Jun 30 2023, within Utilities Sector ROA
Antero Midstream Corporation  5.87 %
Enlink Midstream Llc  5.75 %
Plains All American Pipeline Lp  5.75 %
Public Service Enterprise Group Incorporated  5.69 %
Williams companies inc   5.68 %
Plains Gp Holdings Lp  5.19 %
Energy Transfer Lp  5.17 %
Vistra Corp   4.96 %
New Fortress Energy Inc   4.84 %
Mge Energy Inc   4.55 %
Atmos Energy Corp  4.45 %
New Jersey Resources Corporation  4.43 %
Nextera Energy Inc   4.42 %
Dt Midstream Inc   4.37 %
Montauk Renewables Inc   4.37 %
Northwest Natural Holding Company  4.34 %
York Water Co  4.07 %
Chesapeake Utilities Corp  4.02 %
Excelerate Energy Inc  3.99 %
Consolidated Edison Inc   3.75 %
Kinder Morgan Inc   3.74 %
Boardwalk Pipeline Partners Lp  3.71 %
Sempra  3.63 %
Idacorp Inc   3.56 %
Oge Energy Corp   3.48 %
Wisconsin Public Service Corporation  3.47 %
Middlesex Water Company  3.41 %
Alliant Energy Corp  3.25 %
Wec Energy Group Inc   3.21 %
American Water Works Company Inc   3.17 %


Date modified: 2023-08-04T20:44:21+00:00


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