Dominion Energy Inc (D)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 27,529,000 | 28,028,000 | 28,428,000 | 28,356,000 | 27,659,000 | 28,573,000 | 28,297,000 | 27,520,000 | 27,308,000 | 26,906,000 | 26,550,000 | 26,699,000 | 26,117,000 | 26,336,000 | 28,871,000 | 30,726,000 | 31,994,000 | 29,286,000 | 27,697,000 | 26,909,000 |
| ROE | 7.24% | 7.37% | 9.30% | 5.67% | 4.83% | 8.17% | 7.96% | 10.87% | 12.04% | 9.77% | 8.78% | 3.28% | -1.54% | -0.28% | 1.89% | 5.75% | 4.24% | 3.38% | 3.14% | 4.70% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,994,000K ÷ $27,529,000K
= 7.24%
Dominion Energy Inc's return on equity (ROE) performance has shown fluctuations over the past eight quarters. In Q4 2023, the ROE stood at 7.54%, marking an increase from the previous quarter's 5.89%. This improvement may indicate better efficiency in generating profits from shareholders' equity.
Comparing the Q4 2023 ROE to the same period in the prior year, there has been notable growth from 3.20% to 7.54%, reflecting a positive trend in the company's profitability relative to its equity base.
While there have been fluctuations in ROE over the observed periods, overall Dominion Energy Inc has managed to maintain its ROE above 5% consistently. This suggests a reasonable ability to utilize shareholders' equity effectively to generate profits.
In conclusion, Dominion Energy Inc's ROE performance has shown improvement in the most recent quarter, indicating potentially better profitability relative to equity compared to previous periods. Maintaining a consistent ROE above 5% demonstrates the company's ongoing ability to generate value for shareholders through efficient capital utilization.
Peer comparison
Dec 31, 2023