Duke Energy Corporation (DUK)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,524,000 | 2,841,000 | 2,550,000 | 3,579,000 | 1,377,000 |
| Total assets | US$ in thousands | 186,343,000 | 176,893,000 | 178,086,000 | 169,587,000 | 162,388,000 |
| ROA | 2.43% | 1.61% | 1.43% | 2.11% | 0.85% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $4,524,000K ÷ $186,343,000K
= 2.43%
The return on assets (ROA) for Duke Energy Corporation has shown variability over the past five years. In December 31, 2020, the ROA was 0.85%, indicating that the company generated $0.0085 in net income for every dollar of assets it had. Over the subsequent years, the ROA exhibited an upward trend, reaching 2.11% by December 31, 2021. This increase suggests an improvement in the company's ability to generate profit from its assets.
However, in the following years, the ROA fluctuated, with a decrease to 1.43% by December 31, 2022, followed by a slight increase to 1.61% by December 31, 2023. The most recent data point, December 31, 2024, shows a notable improvement in ROA to 2.43%. This suggests that in 2024, Duke Energy Corporation was able to generate $0.0243 in net income for every dollar of assets it held.
Overall, the upward trend in ROA from 2020 to 2021 and the increase in 2024 indicate an improvement in Duke Energy's efficiency in utilizing its assets to generate profits. However, the fluctuations in ROA over the years also highlight the importance of monitoring the company's asset management and profitability closely.
Peer comparison
Dec 31, 2024