Nextera Energy Inc (NEE)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	7,310,000	4,147,000	3,573,000	2,919,000	3,769,000
Total assets	US$ in thousands	177,489,000	158,935,000	140,912,000	127,684,000	117,691,000
ROA		4.12%	2.61%	2.54%	2.29%	3.20%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $7,310,000K ÷ $177,489,000K
= 4.12%

NextEra Energy Inc's return on assets (ROA) has displayed a positive trend over the past five years, increasing from 3.20% in 2019 to 4.12% in 2023. This indicates that the company is improving its efficiency in generating profits from its assets. The rise in ROA suggests that NextEra Energy Inc is utilizing its assets more effectively to generate earnings for its shareholders. Overall, the consistent improvement in ROA reflects the company's ability to manage its assets efficiently and generate value for its stakeholders.