Nextera Energy Inc (NEE)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,543,000 | 7,310,000 | 4,147,000 | 3,573,000 | 2,919,000 |
| Total assets | US$ in thousands | 190,144,000 | 177,489,000 | 158,935,000 | 140,912,000 | 127,684,000 |
| ROA | 2.39% | 4.12% | 2.61% | 2.54% | 2.29% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $4,543,000K ÷ $190,144,000K
= 2.39%
Nextera Energy Inc's return on assets (ROA) has displayed fluctuating trends over the past five years. As of December 31, 2020, the ROA was recorded at 2.29%, showing a relatively moderate performance. The following year, by December 31, 2021, the ROA slightly improved to 2.54%. This increase continued in 2022, with a ROA of 2.61%, indicating a positive trend in the company's asset utilization.
Notably, by December 31, 2023, Nextera Energy Inc witnessed a significant surge in its ROA to 4.12%, signaling a substantial improvement in the efficiency of generating profits from its assets. However, this peak was followed by a decline by December 31, 2024, where the ROA decreased to 2.39%.
Overall, the analysis of Nextera Energy Inc's ROA suggests a mixed performance over the five-year period, with some years showing improvements while others experienced fluctuations and a slight decline in return on assets. This metric is crucial in assessing the company's efficiency in generating profits relative to its total assets and indicates the effectiveness of its asset management strategies.
Peer comparison
Dec 31, 2024