CMS Energy Corporation (CMS)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 887,000 | 749,000 | 738,000 | 688,000 | 837,000 | 1,305,000 | 1,329,000 | 1,357,000 | 1,353,000 | 872,000 | 901,000 | 861,000 | 755,000 | 764,000 | 753,000 | 710,000 | 680,000 | 621,000 | 583,000 | 629,000 |
| 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 |
| ROA | 2.65% | 2.30% | 2.29% | 2.19% | 2.67% | 4.30% | 4.58% | 4.72% | 4.71% | 2.86% | 3.01% | 2.90% | 2.55% | 2.61% | 2.63% | 2.59% | 2.53% | 2.39% | 2.31% | 2.54% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $887,000K ÷ $33,517,000K
= 2.65%
To analyze CMS Energy Corporation's return on assets (ROA) based on the data provided, we observe fluctuating ROA figures over the past eight quarters. The ROA percentages vary between 2.16% to 4.70% during this period.
In Q4 2023, the ROA stands at 2.62%, which shows a slight increase compared to the previous quarter's 2.27%. However, when compared to Q4 2022, where the ROA was 2.64%, there is a marginal decrease in the current quarter's performance.
The highest ROA percentage in the given data set is 4.70%, recorded in Q1 2022. This indicates that the company was more efficient in generating profit from its assets during that quarter compared to the recent quarters. Conversely, there was a noticeable decline in ROA in Q3 2022 to 4.27%, indicating a dip in asset utilization efficiency during that period.
Overall, the ROA trend demonstrates some fluctuations, with periods of both growth and decline. It is crucial for investors and stakeholders to monitor these variations closely to assess CMS Energy Corporation's effectiveness in generating profits relative to its total assets over time.
Peer comparison
Dec 31, 2023