CMS Energy Corporation (CMS)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	7,544,000	7,186,000	7,145,000	7,080,000	7,015,000	6,913,000	6,878,000	6,854,000	6,631,000	6,090,000	5,797,000	5,727,000	5,496,000	5,320,000	5,214,000	5,185,000	5,018,000	4,957,000	4,851,000	4,858,000
ROE		11.76%	10.42%	10.33%	9.72%	11.93%	18.88%	19.32%	19.80%	20.40%	14.32%	15.54%	15.03%	13.74%	14.36%	14.44%	13.69%	13.55%	12.53%	12.02%	12.95%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $887,000K ÷ $7,544,000K
= 11.76%

The return on equity (ROE) of CMS Energy Corporation has shown some fluctuation over the past eight quarters. In Q4 2023, the ROE was 11.63%, which was slightly higher compared to the previous quarter's ROE of 10.28% in Q3 2023. However, the ROE has been on a downward trend since Q2 2022 when it was at 19.70%.

Overall, the ROE of CMS Energy Corporation has experienced a gradual decline from the higher levels seen in the first half of 2022. This downward trend could indicate potential challenges in generating profit relative to the shareholders' equity over the past quarters. Further analysis would be needed to understand the underlying factors contributing to this decline and to assess the company's efficiency in utilizing its equity to generate returns for its shareholders.