Dominion Energy Inc (D)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 27,529,000 | 27,659,000 | 27,308,000 | 26,117,000 | 31,994,000 |
| ROE | 7.24% | 4.78% | 12.04% | -1.54% | 4.24% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,994,000K ÷ $27,529,000K
= 7.24%
Over the past five years, Dominion Energy Inc's return on equity (ROE) has shown variability. The ROE increased from -1.78% in 2020 to 7.54% in 2023, indicating an improved performance in generating profits from shareholders' equity. However, in 2021, the ROE peaked at 8.92% before declining to 3.20% in 2022. The company's ROE of 4.19% in 2019 indicates a moderate performance.
Overall, Dominion Energy's ROE performance has shown fluctuations, with positive trends in recent years. It is essential for investors to monitor this metric for consistency and sustainability in the company's ability to generate returns from shareholders' equity.
Peer comparison
Dec 31, 2023