Clearway Energy Inc Class C (CWEN)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 88,000 | 79,000 | 582,000 | 51,000 | 25,000 |
| Total assets | US$ in thousands | 14,329,000 | 14,701,000 | 12,312,000 | 12,813,000 | 10,592,000 |
| ROA | 0.61% | 0.54% | 4.73% | 0.40% | 0.24% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $88,000K ÷ $14,329,000K
= 0.61%
Clearway Energy Inc Class C's return on assets (ROA) has shown significant fluctuations over the years based on the provided data.
- In December 31, 2020, the ROA was relatively low at 0.24%, indicating that the company generated $0.24 in profit for every $100 of assets it possessed.
- By December 31, 2021, the ROA improved to 0.40%, reflecting a positive trend in utilizing its assets more efficiently.
- A substantial increase was observed by December 31, 2022, where the ROA jumped to 4.73%, which suggests a significant improvement in the company's profitability and asset utilization.
- However, there was a slight decline by December 31, 2023, with the ROA decreasing to 0.54%, indicating a decrease in profitability relative to the assets employed.
- The most recent data point, December 31, 2024, shows a slight increase in ROA to 0.61%, still lower than the peak in 2022.
Overall, it is essential for Clearway Energy Inc Class C to consistently monitor and improve its ROA to ensure efficient use of its assets and sustainable profitability in the long run.
Peer comparison
Dec 31, 2024