Nextera Energy Inc (NEE)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 47,468,000 | 47,095,000 | 44,793,000 | 42,896,000 | 39,229,000 | 38,629,000 | 36,439,000 | 35,887,000 | 37,202,000 | 36,649,000 | 36,932,000 | 37,378,000 | 36,513,000 | 37,287,000 | 37,073,000 | 36,403,000 | 37,005,000 | 36,592,000 | 34,910,000 | 34,226,000 |
| ROE | 15.40% | 16.18% | 18.08% | 15.58% | 10.57% | 9.91% | 7.08% | 4.06% | 9.60% | 6.45% | 8.52% | 11.14% | 8.00% | 10.46% | 9.58% | 9.64% | 10.18% | 8.79% | 9.57% | 8.44% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $7,310,000K ÷ $47,468,000K
= 15.40%
NextEra Energy Inc's return on equity (ROE) has shown a positive trend in the past eight quarters, increasing from 4.06% in Q1 2022 to 18.08% in Q2 2023. This indicates that the company has been effectively utilizing its equity to generate profits for shareholders. The consistent improvement in ROE over the quarters reflects efficient management of assets and liabilities to generate higher profits relative to shareholders' equity. Additionally, the double-digit ROE figures for the past four quarters suggest that NextEra Energy Inc has been delivering healthy returns to its shareholders. Overall, the increasing trend in ROE demonstrates the company's ability to create value for its shareholders and efficiently leverage its equity to generate profits.
Peer comparison
Dec 31, 2023