Nextera Energy Inc (NEE)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 7,310,000 | 7,622,000 | 8,099,000 | 6,684,000 | 4,147,000 | 3,829,000 | 2,580,000 | 1,456,000 | 3,573,000 | 2,364,000 | 3,146,000 | 4,165,000 | 2,920,000 | 3,900,000 | 3,550,000 | 3,509,000 | 3,768,000 | 3,215,000 | 3,341,000 | 2,888,000 |
| 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 |
| ROA | 4.12% | 4.44% | 4.81% | 4.04% | 2.61% | 2.45% | 1.70% | 1.00% | 2.54% | 1.70% | 2.33% | 3.14% | 2.29% | 3.09% | 2.91% | 2.91% | 3.20% | 2.81% | 3.02% | 2.65% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $7,310,000K ÷ $177,489,000K
= 4.12%
NextEra Energy Inc's return on assets (ROA) has shown a positive trend over the past eight quarters, indicating an improving efficiency in generating profits relative to its total assets. The ROA increased steadily from 1.00% in Q1 2022 to 4.81% in Q2 2023, demonstrating a consistent growth in profitability. This upward trend suggests that the company has been effectively utilizing its assets to generate earnings for shareholders. The average ROA over the period is approximately 3.41%, reflecting a solid performance in terms of asset utilization. Investors and stakeholders may view this trend positively as it indicates a strong ability of NextEra Energy Inc to generate profits from its assets.
Peer comparison
Dec 31, 2023