Alliant Energy Corp (LNT)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 703,000 | 686,000 | 674,000 | 624,000 | 567,000 |
| Total assets | US$ in thousands | 21,237,000 | 20,163,000 | 18,553,000 | 17,710,000 | 16,701,000 |
| ROA | 3.31% | 3.40% | 3.63% | 3.52% | 3.40% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $703,000K ÷ $21,237,000K
= 3.31%
The return on assets (ROA) for Alliant Energy Corp. has shown a slight fluctuation over the past five years. In 2023, the ROA decreased to 3.31% from 3.40% in 2022, indicating a slightly lower return generated from its assets. However, compared to 2021 and 2020, the ROA remains relatively stable around the 3.5% mark.
This consistent performance suggests that Alliant Energy Corp. has been effectively utilizing its assets to generate profits over the years. The ROA measures the company's ability to generate earnings from its total assets, and a higher ratio indicates better asset utilization efficiency.
Overall, despite the slight decline in ROA in 2023, Alliant Energy Corp. has historically maintained a relatively steady and healthy level of return on its assets, demonstrating efficient management of its asset base to generate profits for its shareholders.
Peer comparison
Dec 31, 2023