Nextera Energy Inc (NEE)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 10,237,000 | 9,623,000 | 9,649,000 | 7,798,000 | 4,081,000 | 3,390,000 | 1,907,000 | 1,469,000 | 2,913,000 | 2,498,000 | 3,127,000 | 3,803,000 | 5,115,000 | 5,053,000 | 5,638,000 | 6,199,000 | 5,353,000 | 5,582,000 | 4,957,000 | 4,356,000 |
| Total assets | US$ in thousands | 177,489,000 | 171,674,000 | 168,275,000 | 165,357,000 | 158,935,000 | 156,409,000 | 151,770,000 | 144,945,000 | 140,912,000 | 139,163,000 | 135,013,000 | 132,441,000 | 127,684,000 | 126,382,000 | 121,961,000 | 120,637,000 | 117,691,000 | 114,222,000 | 110,552,000 | 109,029,000 |
| Operating ROA | 5.77% | 5.61% | 5.73% | 4.72% | 2.57% | 2.17% | 1.26% | 1.01% | 2.07% | 1.80% | 2.32% | 2.87% | 4.01% | 4.00% | 4.62% | 5.14% | 4.55% | 4.89% | 4.48% | 4.00% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $10,237,000K ÷ $177,489,000K
= 5.77%
NextEra Energy Inc's operating return on assets (operating ROA) has shown an improving trend over the past eight quarters. The operating ROA has steadily increased from 1.10% in Q1 2022 to 5.17% in Q4 2023. This indicates that the company is becoming more efficient in generating operating income relative to its total assets.
The significant improvement in operating ROA suggests that NextEra Energy Inc has been effectively utilizing its assets to generate operating profits. This could be due to improved operational efficiency, better cost management, or increased revenue generation.
The consistent growth in operating ROA reflects positively on NextEra Energy Inc's financial performance and indicates that the company is on a path of sustained profitability and operational effectiveness. Investors and stakeholders may view this trend favorably as it shows that the company is creating value from its assets and operations.
Peer comparison
Dec 31, 2023