Constellation Energy Corp (CEG)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 1,623,000 | -160,000 | -205,000 |
| Total assets | US$ in thousands | 50,758,000 | 46,909,000 | 48,086,000 |
| ROA | 3.20% | -0.34% | -0.43% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $1,623,000K ÷ $50,758,000K
= 3.20%
Constellation Energy Corporation's return on assets (ROA) has shown fluctuating performance over the past four years. In 2023, the ROA improved significantly to 3.20%, indicating that the company generated $3.20 in net income for every $100 of assets it had. This represents a positive turn compared to the negative ROA in 2022 and 2021, where the company incurred losses in relation to its assets. The ROA was highest in 2020 at 1.22%, indicating stronger performance in that year. The improvement in 2023 suggests that Constellation Energy Corporation may be better utilizing its assets to generate profits, but further analysis is needed to assess the sustainability of this performance.
Peer comparison
Dec 31, 2023