Dominion Energy Inc (D)

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	3,414,000	2,955,000	2,924,000	2,012,000	1,909,000	2,593,000	2,436,000	3,117,000	3,019,000	2,938,000	2,124,000	2,565,000	2,055,000	2,135,000	3,212,000	2,656,000	1,544,000	1,442,000	1,488,000	1,982,000
Total assets	US$ in thousands	109,000,000	105,943,000	106,064,000	105,325,000	104,800,000	103,535,000	103,678,000	100,852,000	99,600,000	99,804,000	97,963,000	96,703,000	95,900,000	104,535,000	103,728,000	104,126,000	103,800,000	102,359,000	100,822,000	100,054,000
Operating ROA		3.13%	2.79%	2.76%	1.91%	1.82%	2.50%	2.35%	3.09%	3.03%	2.94%	2.17%	2.65%	2.14%	2.04%	3.10%	2.55%	1.49%	1.41%	1.48%	1.98%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $3,414,000K ÷ $109,000,000K
= 3.13%

Dominion Energy Inc's operating return on assets (operating ROA) has exhibited variability in recent quarters. The operating ROA ranged from a low of 3.24% in Q2 2022 to a high of 4.43% in Q1 2023. The trend shows an overall improvement in profitability, with the most recent quarters demonstrating stronger performance compared to previous periods. It is important to note that the operating ROA measures the company's ability to generate operating income from its assets, indicating efficiency in asset utilization. Further analysis of the drivers behind these fluctuations could provide valuable insights into Dominion Energy Inc's operational performance and financial health.