NRG Energy Inc. (NRG)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -202,000 | 1,221,000 | 2,187,000 | 510,000 | 4,438,000 |
| Total assets | US$ in thousands | 26,038,000 | 29,146,000 | 23,182,000 | 14,902,000 | 12,531,000 |
| ROA | -0.78% | 4.19% | 9.43% | 3.42% | 35.42% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-202,000K ÷ $26,038,000K
= -0.78%
NRG Energy Inc.'s Return on Assets (ROA) has experienced fluctuations over the past five years. The ROA was -0.98% as of December 31, 2023, indicating a decline from the prior year. This negative ROA suggests that the company generated a net loss relative to its total assets.
In the previous year, as of December 31, 2022, the ROA was 4.19%, reflecting an improvement compared to the latest period. This increase in ROA suggests that the company generated a modest profit for each dollar of assets during that year.
Further back in time, as of December 31, 2021, the ROA stood at 9.43%, representing a substantial return on assets. This indicates the company efficiently utilized its assets to generate profits during that period.
Moving on to December 31, 2020, the ROA was 3.42%, showing a decrease from the peak performance observed in 2019. This decline suggests a reduced profitability relative to the company's asset base.
Looking back to December 31, 2019, the ROA was significantly higher at 35.42%, indicating exceptional performance in utilizing assets to generate profits.
Overall, NRG Energy Inc.'s ROA has shown variability, with periods of both strong profitability and less favorable returns. It is crucial for stakeholders to monitor these fluctuations to assess the company's asset efficiency and profitability over time.
Peer comparison
Dec 31, 2023