NRG Energy Inc. (NRG)
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 | -202,000 | -1,779,000 | -2,055,000 | -1,850,000 | 1,221,000 | 1,889,000 | 3,440,000 | 4,005,000 | 2,187,000 | 2,441,000 | 1,072,000 | 307,000 | 510,000 | 4,066,000 | 4,189,000 | 4,077,000 | 4,438,000 | 1,043,000 | 599,000 | 470,000 |
| Total assets | US$ in thousands | 26,038,000 | 27,910,000 | 28,991,000 | 29,696,000 | 29,146,000 | 32,243,000 | 34,335,000 | 29,477,000 | 23,182,000 | 27,965,000 | 21,619,000 | 19,241,000 | 14,902,000 | 12,225,000 | 12,337,000 | 12,822,000 | 12,531,000 | 9,527,000 | 9,171,000 | 9,530,000 |
| ROA | -0.78% | -6.37% | -7.09% | -6.23% | 4.19% | 5.86% | 10.02% | 13.59% | 9.43% | 8.73% | 4.96% | 1.60% | 3.42% | 33.26% | 33.95% | 31.80% | 35.42% | 10.95% | 6.53% | 4.93% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-202,000K ÷ $26,038,000K
= -0.78%
The return on assets (ROA) for NRG Energy Inc. has been fluctuating over the past eight quarters, suggesting varying levels of profitability relative to its total assets.
The ROA was negative in Q4 2023 at -0.98%, which indicates that the company generated a loss in relation to its assets during that period. This negative trend continued from the previous quarter, where the ROA was even lower at -6.50% in Q3 2023.
Prior to this, the ROA exhibited a decreasing pattern with values of -7.15% in Q2 2023 and -6.23% in Q1 2023. These figures imply that the company's efficiency in generating profit from its assets had been declining over the first half of 2023.
In contrast, the ROA had been positive in the earlier quarters of 2022, with values of 4.19% in Q4, 5.86% in Q3, 10.02% in Q2, and 13.59% in Q1. These positive ROA figures suggest that the company was more effective in utilizing its assets to generate profit during that period.
Overall, the fluctuating ROA values of NRG Energy Inc. indicate varying levels of profitability and efficiency in utilizing its assets for generating earnings over the observed quarters.
Peer comparison
Dec 31, 2023