Nextera Energy Inc (NEE)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 10,237,000 | 9,623,000 | 9,649,000 | 7,798,000 | 4,081,000 | 3,390,000 | 1,907,000 | 1,469,000 | 2,913,000 | 2,498,000 | 3,127,000 | 3,803,000 | 5,115,000 | 5,053,000 | 5,638,000 | 6,199,000 | 5,353,000 | 5,582,000 | 4,957,000 | 4,356,000 |
| Long-term debt | US$ in thousands | 61,405,000 | 59,183,000 | 60,982,000 | 59,007,000 | 55,256,000 | 54,670,000 | 53,382,000 | 50,974,000 | 50,960,000 | 48,092,000 | 47,559,000 | 46,065,000 | 41,944,000 | 42,794,000 | 42,667,000 | 41,116,000 | 37,543,000 | 36,144,000 | 33,947,000 | 29,883,000 |
| 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 |
| Return on total capital | 9.40% | 9.05% | 9.12% | 7.65% | 4.32% | 3.63% | 2.12% | 1.69% | 3.30% | 2.95% | 3.70% | 4.56% | 6.52% | 6.31% | 7.07% | 8.00% | 7.18% | 7.67% | 7.20% | 6.79% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $10,237,000K ÷ ($61,405,000K + $47,468,000K)
= 9.40%
NextEra Energy Inc's return on total capital has shown a positive trend over the past eight quarters. The return on total capital has been steadily increasing since Q1 2022, reaching its highest point of 8.21% in Q2 2023, reflecting the company's ability to generate a favorable return on the total capital employed in its operations. This improvement indicates efficient utilization of both debt and equity to generate profits for the company and its shareholders. The steady growth in return on total capital demonstrates NextEra Energy Inc's strong performance in managing its capital investments effectively and maximizing returns for its stakeholders.
Peer comparison
Dec 31, 2023