Duke Energy Corporation (DUK)

Return on assets (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
Net income (ttm)	US$ in thousands	2,841,000	1,200,000	1,370,000	2,497,000	2,550,000	3,932,000	3,915,000	3,773,000	3,908,000	3,099,000	2,998,000	1,431,000	1,377,000	2,114,000	2,152,000	3,786,000	3,748,000	3,538,000	3,278,000	2,946,000
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
ROA		1.61%	0.66%	0.76%	1.40%	1.43%	2.23%	2.27%	2.20%	2.30%	1.86%	1.81%	0.88%	0.85%	1.31%	1.34%	2.37%	2.36%	2.27%	2.14%	1.95%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,841,000K ÷ $176,893,000K
= 1.61%

The return on assets (ROA) of Duke Energy Corp. over the past eight quarters has shown fluctuation. In Q4 2023, the ROA stood at 1.55%, significantly higher than the previous quarter in Q3 2023 where it was 0.61%. The ROA had also increased in Q1 2023 to 1.33% from Q2 2023 where it was 0.70%.

However, when compared to the same quarter in the previous year (Q4 2022), Duke Energy Corp.'s ROA has decreased slightly from 1.37% to 1.55%. While the ROA in the first half of 2022 (Q2 2022 and Q1 2022) was relatively higher, showing values of 2.21% and 2.14% respectively, it decreased in the second half of the year in Q3 2022 and Q4 2022 to 2.16% and 1.37% respectively.

Overall, Duke Energy Corp.'s ROA has displayed variability over the past eight quarters, suggesting fluctuations in the company's ability to generate profits from its assets. This could be indicative of changes in the company's efficiency in utilizing its assets to generate earnings during the period under review.