Constellation Energy Corp (CEG)
Return on assets (ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | ||
|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,623,000 | 1,694,000 | 775,000 | -169,000 | -159,000 | -151,000 |
| Total assets | US$ in thousands | 50,758,000 | 48,965,000 | 46,559,000 | 46,158,000 | 46,909,000 | 46,616,000 |
| ROA | 3.20% | 3.46% | 1.66% | -0.37% | -0.34% | -0.32% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,623,000K ÷ $50,758,000K
= 3.20%
Constellation Energy Corporation's return on assets (ROA) has shown variability over the past five quarters. In Q4 2023 and Q3 2023, the ROA was 3.20% and 3.46%, respectively, indicating a relatively strong performance in generating profits from its assets. However, in Q2 2023, the ROA dropped to 1.66%, showing a decrease in efficiency in utilizing its assets to generate returns.
The most concerning performance was in Q1 2023, where the ROA was negative at -0.37%, suggesting that the company's assets were not generating sufficient profits. The trend continued from Q4 2022, where the ROA was also negative at -0.34%.
Overall, Constellation Energy Corporation needs to focus on improving its efficiency in using its assets to generate returns to ensure sustained profitability and long-term financial stability.
Peer comparison
Dec 31, 2023