Duke Energy Corporation (DUK)

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	7,070,000	6,409,000	6,354,000	6,372,000	6,012,000	5,928,000	5,598,000	5,348,000	5,500,000	4,482,000	4,570,000	4,549,000	4,571,000	5,588,000	5,703,000	5,824,000	5,709,000	5,471,000	5,121,000	4,802,000
Total assets	US$ in thousands	176,893,000	181,160,000	180,076,000	178,833,000	178,086,000	176,340,000	172,383,000	171,220,000	169,587,000	167,007,000	165,385,000	163,465,000	162,388,000	161,409,000	160,049,000	160,072,000	158,838,000	155,917,000	153,449,000	151,136,000
Operating ROA		4.00%	3.54%	3.53%	3.56%	3.38%	3.36%	3.25%	3.12%	3.24%	2.68%	2.76%	2.78%	2.81%	3.46%	3.56%	3.64%	3.59%	3.51%	3.34%	3.18%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $7,070,000K ÷ $176,893,000K
= 4.00%

Duke Energy Corp.'s operating return on assets (operating ROA) has shown a stable trend over the past eight quarters, ranging from 3.37% to 4.02%. This indicates that the company has been consistently generating operating income relative to its total assets.

The operating ROA increased from Q1 2022 to Q4 2022, reaching its peak at 3.61%. Subsequently, there was a further improvement in Q1 2023 to 3.69%, demonstrating efficient asset utilization. The operating ROA fluctuated slightly in the following quarters but remained above 3.5%.

Overall, Duke Energy Corp.'s operating ROA reflects a satisfactory level of operational efficiency and profitability in utilizing its assets to generate earnings. It is essential for the company to maintain or improve this metric to ensure sustained financial performance in the future.