CMS Energy Corporation (CMS)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,235,000 | 1,100,000 | 1,087,000 | 1,082,000 | 1,224,000 | 1,157,000 | 1,159,000 | 1,172,000 | 1,146,000 | 1,249,000 | 1,329,000 | 1,325,000 | 1,230,000 | 1,234,000 | 1,245,000 | 1,215,000 | 1,239,000 | 1,178,000 | 1,121,000 | 1,158,000 |
| Total assets | US$ in thousands | 33,517,000 | 32,513,000 | 32,265,000 | 31,386,000 | 31,353,000 | 30,372,000 | 29,040,000 | 28,740,000 | 28,753,000 | 30,513,000 | 29,953,000 | 29,723,000 | 29,666,000 | 29,280,000 | 28,581,000 | 27,447,000 | 26,837,000 | 26,009,000 | 25,292,000 | 24,793,000 |
| Operating ROA | 3.68% | 3.38% | 3.37% | 3.45% | 3.90% | 3.81% | 3.99% | 4.08% | 3.99% | 4.09% | 4.44% | 4.46% | 4.15% | 4.21% | 4.36% | 4.43% | 4.62% | 4.53% | 4.43% | 4.67% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,235,000K ÷ $33,517,000K
= 3.68%
To analyze CMS Energy Corporation's operating return on assets (ROA) performance based on the provided data, we can observe fluctuations in the operating ROA over the past eight quarters. The operating ROA measures the company's ability to generate profits from its operational assets.
From Q1 2022 to Q4 2023, CMS Energy Corporation's operating ROA has ranged from 3.37% to 3.90%. The trend indicates some variability in the company's operational efficiency and profitability during this period. The highest operating ROA was observed in Q4 2022 at 3.90%, possibly indicating improved asset utilization or cost management strategies.
However, in the most recent quarter, Q4 2023, the operating ROA declined to 3.68%, indicating a slight decrease in profitability from the previous quarter. This dip may warrant further investigation into the company's operational performance and efficiency in utilizing its assets effectively.
Overall, CMS Energy Corporation has maintained a relatively stable operating ROA performance over the past eight quarters, with fluctuations within a narrow range. Further analysis of the company's operational strategies and asset management practices could provide insights into sustaining or improving its operating ROA in the future.
Peer comparison
Dec 31, 2023