CenterPoint Energy Inc (CNP)
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 | 1,760,000 | 1,793,000 | 1,659,000 | 1,630,000 | 1,566,000 | 1,548,000 | 1,442,000 | 1,387,000 | 1,363,000 | 1,312,000 | 1,336,000 | 1,275,000 | 1,039,000 | 1,056,000 | 1,111,000 | 1,105,000 | 1,099,000 | 964,000 | 833,000 | 791,000 |
| Total assets | US$ in thousands | 39,715,000 | 39,001,000 | 38,097,000 | 37,752,000 | 38,546,000 | 36,719,000 | 36,216,000 | 35,202,000 | 37,679,000 | 37,160,000 | 36,466,000 | 35,906,000 | 33,471,000 | 32,705,000 | 32,148,000 | 33,395,000 | 35,529,000 | 34,642,000 | 34,189,000 | 33,902,000 |
| Operating ROA | 4.43% | 4.60% | 4.35% | 4.32% | 4.06% | 4.22% | 3.98% | 3.94% | 3.62% | 3.53% | 3.66% | 3.55% | 3.10% | 3.23% | 3.46% | 3.31% | 3.09% | 2.78% | 2.44% | 2.33% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,760,000K ÷ $39,715,000K
= 4.43%
Centerpoint Energy Inc.'s operating return on assets (ROA) has been relatively stable over the past eight quarters, ranging from 3.94% to 4.60%. The operating ROA measures the company's ability to generate operating income from its assets.
The trend shows a slight increase in the most recent quarters, with Q4 2023 and Q3 2023 reporting the highest values at 4.43% and 4.60%, respectively. This indicates an improvement in the company's efficiency in utilizing its assets to generate operating income.
However, it is essential to monitor the company's operating ROA over time to ensure sustained performance and efficiency in asset utilization. An increasing trend in operating ROA reflects positively on the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023