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 '2021', SWX's return on assets was 1.6%, representing returns generated from total assets. Industry average for Oil & Gas Production in '2021' stood at 15.9%.
• In '2022', SWX's return on assets was -1.6%, representing returns generated from total assets. The decline from '2021' may indicate some operational or financial challenges. Industry average for Oil & Gas Production in '2022' stood at 37.6%. Industry average increased by 21.7% compared to previous year.
• In '2023', SWX's return on assets was 1.2%, representing returns generated from total assets. The increase since '2022' reflects strengthening financial performance. Industry average for Oil & Gas Production in '2023' stood at 33.5%. Industry average declined by 4.1% from previous year.
• In '2024', SWX's return on assets was 1.7%, representing returns generated from total assets. The increase since '2023' reflects strengthening financial performance. Industry average for Oil & Gas Production in '2024' stood at 18.9%. Industry average declined by 14.6% from previous year.
Overall, SWX'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%.