Duke Energy Corporation (DUK)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	49,112,000	49,006,000	48,333,000	49,260,000	49,322,000	50,345,000	49,720,000	49,446,000	49,296,000	49,307,000	48,132,000	48,186,000	47,964,000	46,006,000	45,484,000	46,921,000	46,822,000	46,438,000	45,213,000	45,030,000
ROE		5.78%	2.45%	2.83%	5.07%	5.17%	7.81%	7.87%	7.63%	7.93%	6.29%	6.23%	2.97%	2.87%	4.60%	4.73%	8.07%	8.00%	7.62%	7.25%	6.54%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,841,000K ÷ $49,112,000K
= 5.78%

Duke Energy Corp.'s return on equity (ROE) has displayed some fluctuation over the past eight quarters. In Q4 2023, the ROE was 5.57%, which is lower than the previous quarter at 2.26%. This increase in Q4 2023 compared to Q3 2023 indicates an improvement in the company's ability to generate profit from shareholders' equity. However, it is important to note that the Q4 2023 ROE is still lower than the levels seen in Q4 2022 at 4.96%.

Looking at the long-term trend, the ROE has been generally declining since Q2 2022 when it stood at 7.66%. This downward trend suggests that Duke Energy Corp. may be facing challenges in efficiently utilizing its equity to generate profits. It is crucial for the company to monitor and address the factors contributing to this decline to ensure sustainable growth and value creation for its shareholders.