Nextera Energy Inc (NEE)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 6,945,000 | 6,952,000 | 6,319,000 | 7,492,000 | 7,310,000 | 7,622,000 | 8,099,000 | 6,684,000 | 3,905,000 | 3,587,000 | 2,338,000 | 1,214,000 | 3,573,000 | 2,364,000 | 3,146,000 | 4,165,000 | 2,920,000 | 3,900,000 | 3,550,000 | 3,509,000 |
| Total assets | US$ in thousands | 190,144,000 | 186,013,000 | 184,724,000 | 179,950,000 | 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 |
| ROA | 3.65% | 3.74% | 3.42% | 4.16% | 4.12% | 4.44% | 4.81% | 4.04% | 2.46% | 2.29% | 1.54% | 0.84% | 2.54% | 1.70% | 2.33% | 3.14% | 2.29% | 3.09% | 2.91% | 2.91% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $6,945,000K ÷ $190,144,000K
= 3.65%
Nextera Energy Inc's return on assets (ROA) shows fluctuations over the period analyzed. From March 31, 2020, to June 30, 2020, the ROA remained stable at 2.91%. It then increased to 3.09% by September 30, 2020, but experienced a decline to 2.29% by December 31, 2020. The ROA saw a significant improvement to 3.14% by March 31, 2021, followed by a decrease to 2.33% by June 30, 2021. Subsequently, there was a notable decline to 1.70% by September 30, 2021.
The ROA showed a slight recovery to 2.54% by December 31, 2021, and then dropped to 0.84% by March 31, 2022, marking a significant decrease. However, there was a gradual improvement to 1.54% by June 30, 2022, and further to 2.29% by September 30, 2022. The ROA continued to increase to 2.46% by December 31, 2022, and surged to 4.04% by March 31, 2023.
The trend of improvement in the ROA continued with a further increase to 4.81% by June 30, 2023, indicating strong asset utilization. The ROA then slightly declined to 4.44% by September 30, 2023, and further to 4.12% by December 31, 2023. It remained relatively stable around 4% during the first quarter of 2024 but decreased to 3.42% by June 30, 2024. There was a modest recovery to 3.74% by September 30, 2024, and a slight decline to 3.65% by December 31, 2024.
Overall, Nextera Energy Inc's ROA shows some fluctuations during the period under review, with notable increases and decreases. The recent trend indicates a gradual improvement in utilizing assets efficiently to generate profits.
Peer comparison
Dec 31, 2024