Dominion Energy Inc (D)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,994,000 | 1,321,000 | 3,288,000 | -401,000 | 1,358,000 |
| Total assets | US$ in thousands | 109,000,000 | 104,800,000 | 99,600,000 | 95,900,000 | 103,800,000 |
| ROA | 1.83% | 1.26% | 3.30% | -0.42% | 1.31% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $1,994,000K ÷ $109,000,000K
= 1.83%
Dominion Energy Inc's Return on Assets (ROA) has fluctuated over the past five years, ranging from -0.49% in 2020 to a high of 2.59% in 2021. The ROA improved significantly in 2023 to 1.90%, showcasing a positive trend in the company's ability to generate profits relative to its total assets.
The negative ROA in 2020 indicates that the company's assets were not efficiently utilized to generate income during that year. However, the subsequent recovery and improvement in ROA suggest that Dominion Energy Inc has made strides in enhancing its operational efficiency and profitability.
Overall, Dominion Energy Inc's ROA performance indicates a mix of challenges and successes in efficiently utilizing its assets to generate returns for shareholders. Continuous monitoring of ROA will be essential for evaluating the company's financial health and operational effectiveness in the future.
Peer comparison
Dec 31, 2023