CenterPoint Energy Inc (CNP)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,019,000 | 917,000 | 1,057,000 | 668,000 | -591,000 |
| Total assets | US$ in thousands | 43,768,000 | 39,715,000 | 38,546,000 | 37,679,000 | 33,471,000 |
| ROA | 2.33% | 2.31% | 2.74% | 1.77% | -1.77% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,019,000K ÷ $43,768,000K
= 2.33%
CenterPoint Energy Inc's return on assets (ROA) has shown a positive trend over the past five years. The ROA was -1.77% as of December 31, 2020, meaning the company had a negative return on its assets. However, there has been a significant improvement since then, with the ROA increasing to 1.77% by December 31, 2021, and further to 2.74% by December 31, 2022. This indicates that CenterPoint Energy Inc has been effectively utilizing its assets to generate profits.
The ROA slightly decreased to 2.31% by December 31, 2023 but remained above 2%, showing continued efficiency in asset utilization. As of December 31, 2024, the ROA was 2.33%, maintaining a relatively stable performance.
Overall, the increasing trend in ROA reflects CenterPoint Energy Inc's ability to generate profits relative to its total assets, indicating efficient management and a potentially positive outlook for the company's financial performance.
Peer comparison
Dec 31, 2024