Dominion Energy Inc (D)

Return on assets (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
Net income (ttm)	US$ in thousands	1,994,000	2,065,000	2,643,000	1,607,000	1,337,000	2,334,000	2,253,000	2,991,000	3,288,000	2,629,000	2,331,000	877,000	-401,000	-74,000	545,000	1,768,000	1,358,000	990,000	869,000	1,264,000
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
ROA		1.83%	1.95%	2.49%	1.53%	1.28%	2.25%	2.17%	2.97%	3.30%	2.63%	2.38%	0.91%	-0.42%	-0.07%	0.53%	1.70%	1.31%	0.97%	0.86%	1.26%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,994,000K ÷ $109,000,000K
= 1.83%

Dominion Energy Inc's return on assets (ROA) has shown fluctuations over the past eight quarters. In Q2 2022, the ROA was at its peak at 2.25%, indicating that the company generated $2.25 in profit for every $100 of assets it possessed during that quarter. This was followed by a decline in Q4 2022 to 0.86%.

In the most recent quarter, Q4 2023, Dominion Energy Inc's ROA increased to 1.90%, signaling an improvement in the company's ability to generate earnings relative to its asset base compared to the previous quarter.

Overall, the ROA for Dominion Energy Inc has demonstrated variability, suggesting fluctuations in the company's efficiency in utilizing its assets to generate profits over the given period. Investors and analysts may monitor future trends in ROA to assess the company's operational effectiveness and financial performance.