Clearway Energy Inc Class C (CWEN)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	196,000	211,000	127,000	192,000	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
Total assets	US$ in thousands	14,329,000	14,249,000	14,517,000	14,862,000	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
Operating ROA		1.37%	1.48%	0.87%	1.29%	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%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $196,000K ÷ $14,329,000K
= 1.37%

Clearway Energy Inc Class C's operating return on assets (operating ROA) has shown fluctuations over the time period analyzed. The operating ROA increased from 2.46% as of March 31, 2020, reaching a peak of 12.28% as of March 31, 2023. This significant improvement indicates the company's ability to generate earnings from its assets to support operations.

However, following the peak in March 2023, the operating ROA declined to 0.87% by June 30, 2024. This decrease suggests potential challenges or inefficiencies in asset utilization, impacting the company's profitability.

Overall, analyzing Clearway Energy Inc Class C's operating ROA trend indicates periods of both positive and negative performance in generating earnings from its assets to support operations. It would be beneficial for the company to address the factors contributing to the fluctuation in operating ROA to ensure sustainable and improved financial performance in the future.