Dominion Energy Inc (D)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,414,000 | 1,433,000 | 3,019,000 | 2,055,000 | 1,544,000 |
| Total assets | US$ in thousands | 109,000,000 | 104,800,000 | 99,600,000 | 95,900,000 | 103,800,000 |
| Operating ROA | 3.13% | 1.37% | 3.03% | 2.14% | 1.49% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $3,414,000K ÷ $109,000,000K
= 3.13%
Dominion Energy Inc's operating return on assets (operating ROA) has fluctuated over the past five years. In 2023, the operating ROA was 3.39%, a decrease from the previous year's 3.92%. This decline suggests that the company's ability to generate operating income from its assets has slightly weakened.
Comparing the 2023 operating ROA to the figures from 2021, 2020, and 2019, we observe that it is lower than the 4.27% recorded in 2020 and the 3.74% in 2019, indicating a downward trend in the company's operating efficiency in recent years. However, it is slightly higher than the 3.34% reported in 2021.
Overall, the variation in Dominion Energy Inc's operating ROA implies fluctuations in the company's operational effectiveness in generating profits from its assets. Further analysis of the business operations and financial strategies may be required to understand the factors contributing to these changes in operating ROA over the years.
Peer comparison
Dec 31, 2023