CenterPoint Energy Inc (CNP)
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 | 917,000 | 859,000 | 779,000 | 851,000 | 1,057,000 | 1,577,000 | 1,593,000 | 1,654,000 | 1,486,000 | 1,032,000 | 935,000 | 789,000 | -773,000 | -816,000 | -667,000 | -577,000 | 791,000 | 754,000 | 642,000 | 372,000 |
| Total stockholders’ equity | US$ in thousands | 9,667,000 | 9,585,000 | 10,366,000 | 10,356,000 | 10,042,000 | 9,989,000 | 10,023,000 | 9,951,000 | 9,415,000 | 8,865,000 | 8,870,000 | 8,716,000 | 8,348,000 | 8,388,000 | 8,392,000 | 6,970,000 | 8,359,000 | 8,346,000 | 8,257,000 | 8,216,000 |
| ROE | 9.49% | 8.96% | 7.51% | 8.22% | 10.53% | 15.79% | 15.89% | 16.62% | 15.78% | 11.64% | 10.54% | 9.05% | -9.26% | -9.73% | -7.95% | -8.28% | 9.46% | 9.03% | 7.78% | 4.53% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $917,000K ÷ $9,667,000K
= 9.49%
Centerpoint Energy Inc.'s return on equity (ROE) has shown a declining trend over the past eight quarters, starting at 16.06% in Q1 2022 and decreasing to 8.97% in Q4 2023. This suggests that the company's ability to generate profit from its shareholders' equity has weakened over time. The ROE in the most recent quarter is at a relatively low level of 8.97%, indicating reduced efficiency in utilizing shareholder funds to generate profits compared to previous quarters. It is important for the company to closely monitor and address the factors contributing to this decline in ROE to ensure sustainable long-term growth and value creation for its shareholders.
Peer comparison
Dec 31, 2023