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.
Peer comparison
Dec 31, 2023