Clearway Energy Inc Class C (CWEN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 88,000 | 122,000 | 90,000 | 77,000 | 79,000 | 54,000 | 82,000 | 614,000 | 582,000 | 562,000 | 551,000 | 16,000 | 51,000 | 34,000 | 45,000 | 57,000 | 25,000 | 44,000 | 51,000 | -20,000 |
| 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 |
| ROA | 0.61% | 0.86% | 0.62% | 0.52% | 0.54% | 0.40% | 0.65% | 4.82% | 4.73% | 4.46% | 4.36% | 0.13% | 0.40% | 0.29% | 0.38% | 0.48% | 0.24% | 0.45% | 0.52% | -0.21% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $88,000K ÷ $14,329,000K
= 0.61%
The return on assets (ROA) for Clearway Energy Inc Class C has shown some fluctuations over the past few years. At the beginning of the analysis period, the company had a negative ROA of -0.21% in March 2020, indicating its assets were not generating a positive return. However, the ROA steadily improved to reach 4.82% by March 2023, showing increased efficiency in utilizing its assets to generate earnings.
Subsequently, there was a decline in ROA to 0.65% by June 2023, which was followed by fluctuations around the 0.5% mark through December 2024. This suggests that Clearway Energy Inc Class C was able to maintain a relatively stable performance in terms of generating profit from its assets during this period.
Overall, the company's ROA trend indicates a mix of positive and negative performance, with a significant improvement in the mid-term and relatively stable levels in the recent quarters. Further analysis of the underlying factors driving these changes would provide more insight into Clearway Energy Inc Class C's asset management strategies and financial performance.
Peer comparison
Dec 31, 2024