Name: Return on Assets (ROA)

Definition: ROA shows how efficiently the company turns everything it owns — its entire asset base — into net profit after all costs and taxes. A higher ROA means the business squeezes more profit from its assets. Lower ROA might reflect poor asset utilization or heavy reliance on expensive financing.

Interpretation:
• In '2022', NGG's return on assets was 2.5%, representing returns generated from total assets. Industry average for Natural Gas Distribution in '2022' stood at 5.1%.
• In '2023', NGG's return on assets was 8.3%, representing returns generated from total assets. The increase since '2022' reflects strengthening financial performance. Industry average for Natural Gas Distribution in '2023' stood at 3.7%. Industry average declined by 1.4% from previous year.
• In '2024', NGG's return on assets was 2.4%, representing returns generated from total assets. The decline from '2023' may indicate some operational or financial challenges. Industry average for Natural Gas Distribution in '2024' stood at 3.6%. Industry average declined by 0.1% from previous year.
• In '2025', NGG's return on assets was 2.8%, representing returns generated from total assets. The increase since '2024' reflects strengthening financial performance. Industry average for Natural Gas Distribution in '2025' stood at 1.8%. Industry average declined by 1.8% from previous year.
Overall, NGG's return on assets has been volatile but generally stable over the past 4 years.

Formula: ROA = Net Income / Total Assets

Good Range: Commonly 5%-15%.