Nextera Energy Inc (NEE)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 6,492,000 | 10,237,000 | 4,081,000 | 3,889,000 | 3,704,000 |
| Total assets | US$ in thousands | 190,144,000 | 177,489,000 | 158,935,000 | 140,912,000 | 127,684,000 |
| Operating ROA | 3.41% | 5.77% | 2.57% | 2.76% | 2.90% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $6,492,000K ÷ $190,144,000K
= 3.41%
Nextera Energy Inc's operating return on assets (operating ROA) provides insight into the company's efficiency in generating operating income relative to its asset base. From December 31, 2020, to December 31, 2021, the operating ROA declined slightly from 2.90% to 2.76%. This indicates a minor decrease in the company's ability to generate operating income in relation to its assets during this period.
Between December 31, 2021, and December 31, 2022, the operating ROA further decreased to 2.57%, suggesting a continued decline in efficiency in utilizing its assets to generate operating income.
However, there was a significant improvement in the operating ROA from December 31, 2022, to December 31, 2023, where it jumped to 5.77%. This sharp increase reflects a substantial improvement in the company's operating performance relative to its asset base.
Subsequently, by December 31, 2024, the operating ROA decreased to 3.41%, indicating a reduction in the efficiency of generating operating income compared to the previous year.
Overall, the fluctuation in Nextera Energy Inc's operating ROA over the years indicates varying levels of efficiency in utilizing its assets to generate operating income, with notable improvements in 2023 and fluctuations in the surrounding years.
Peer comparison
Dec 31, 2024