• Pinnacle West Capital average return on equity for 2023 was 7.44, a 16.5% increase from 2022.
• Pinnacle West Capital average return on equity for 2022 was 8.91, a 10.18% decline from 2021.
• Pinnacle West Capital average return on equity for 2021 was 9.92, a 4.06% decline from 2020.

Roe - return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.