Duke Energy Corporation (DUK)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,841,000 | 2,550,000 | 3,908,000 | 1,377,000 | 3,748,000 |
| Total assets | US$ in thousands | 176,893,000 | 178,086,000 | 169,587,000 | 162,388,000 | 158,838,000 |
| ROA | 1.61% | 1.43% | 2.30% | 0.85% | 2.36% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $2,841,000K ÷ $176,893,000K
= 1.61%
Duke Energy Corp.'s return on assets (ROA) has shown fluctuations over the past five years. In 2023, the ROA stood at 1.55%, which is an improvement compared to the previous year where it was at 1.37%. However, it was lower than the ROA reported in 2021 and 2019.
The company's ROA was relatively high in 2021 at 2.24%, indicating efficient utilization of its assets to generate profits. In contrast, the ROA dipped to 0.78% in 2020 before recovering to 2.33% in 2019.
Overall, while Duke Energy Corp.'s ROA has varied annually, the company's ability to generate profit from its assets has shown resilience despite some fluctuations. Further analysis may be needed to understand the underlying factors contributing to these fluctuations and to assess the company's asset management efficiency more comprehensively.
Peer comparison
Dec 31, 2023