Clearway Energy Inc Class C (CWEN)
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 | 263,000 | 297,000 | 308,000 | 1,565,000 | 1,470,000 | 1,517,000 | 1,501,000 | 228,000 | 267,000 | 236,000 | 270,000 | 267,000 | 333,000 | 311,000 | 278,000 | 235,000 | 224,000 | 272,000 | 282,000 | 339,000 |
| Total assets | US$ in thousands | 14,701,000 | 13,370,000 | 12,624,000 | 12,749,000 | 12,312,000 | 12,596,000 | 12,648,000 | 12,628,000 | 12,813,000 | 11,780,000 | 11,881,000 | 11,848,000 | 10,592,000 | 9,725,000 | 9,736,000 | 9,555,000 | 9,700,000 | 8,838,000 | 8,731,000 | 8,465,000 |
| Operating ROA | 1.79% | 2.22% | 2.44% | 12.28% | 11.94% | 12.04% | 11.87% | 1.81% | 2.08% | 2.00% | 2.27% | 2.25% | 3.14% | 3.20% | 2.86% | 2.46% | 2.31% | 3.08% | 3.23% | 4.00% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $263,000K ÷ $14,701,000K
= 1.79%
To analyze Clearway Energy Inc's operating return on assets (operating ROA), we observed a fluctuating trend throughout the quarters provided. The operating ROA ranged from a low of 1.63% in Q4 2022 to a high of 2.59% in Q2 2023. Overall, the metric indicates the company's efficiency in generating operating income relative to its total assets.
It is important to note that a higher operating ROA suggests that the company is more effective in utilizing its assets to generate operating earnings. Clearway Energy Inc demonstrated an upward trend in operating ROA from Q4 2022 to Q2 2023, possibly indicating improved operational efficiency or asset utilization during this period.
On the other hand, the decrease in operating ROA from Q2 2023 to Q4 2023 could suggest a potential decline in operational performance or asset management efficiency during the latter quarters of 2023.
In conclusion, although the operating ROA of Clearway Energy Inc fluctuated over the quarters provided, it is essential for investors and stakeholders to closely monitor this metric to assess the company's operational efficiency and effectiveness in generating profits relative to its asset base.
Peer comparison
Dec 31, 2023