Consolidated Edison Inc (ED)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,519,000 | 1,660,000 | 1,346,000 | 1,101,000 | 1,343,000 |
| Total assets | US$ in thousands | 66,331,000 | 69,065,000 | 63,116,000 | 62,895,000 | 58,079,000 |
| ROA | 3.80% | 2.40% | 2.13% | 1.75% | 2.31% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $2,519,000K ÷ $66,331,000K
= 3.80%
Consolidated Edison, Inc.'s return on assets (ROA) has shown an improving trend over the past five years. The company's ROA increased from 2.31% in 2019 to 3.80% in 2023, indicating a positive growth in its ability to generate profits relative to its total assets. This suggests that Consolidated Edison, Inc. has been more efficient in managing its assets to generate earnings for its stakeholders. The consistent improvement in ROA reflects favorably on the company's operational efficiency and effectiveness in utilizing its assets to drive profitability. Overall, the increasing trend in ROA showcases Consolidated Edison, Inc.'s ability to generate returns on its assets and enhance its financial performance over time.
Peer comparison
Dec 31, 2023