Nucor Corp (NUE)
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 | 4,524,799 | 4,995,130 | 5,548,370 | 6,648,250 | 7,607,330 | 8,602,020 | 9,035,010 | 7,980,650 | 6,827,462 | 4,975,885 | 3,041,560 | 1,643,571 | 721,470 | 430,450 | 512,066 | 789,668 | 1,271,143 | 1,810,099 | 2,211,724 | 2,508,394 |
Total assets | US$ in thousands | 35,340,500 | 34,267,800 | 33,379,900 | 32,246,400 | 32,479,200 | 32,072,700 | 31,668,500 | 28,632,900 | 25,823,100 | 24,949,500 | 22,995,600 | 21,172,400 | 20,125,400 | 19,519,300 | 18,766,000 | 17,866,100 | 18,344,700 | 18,506,300 | 18,126,500 | 18,086,700 |
ROA | 12.80% | 14.58% | 16.62% | 20.62% | 23.42% | 26.82% | 28.53% | 27.87% | 26.44% | 19.94% | 13.23% | 7.76% | 3.58% | 2.21% | 2.73% | 4.42% | 6.93% | 9.78% | 12.20% | 13.87% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $4,524,799K ÷ $35,340,500K
= 12.80%
According to the data provided, Nucor Corp.'s return on assets (ROA) has been gradually decreasing over the periods presented. The ROA was highest in Q1 2022 at 28.40% and has since declined consistently, reaching 12.76% in Q4 2023. This downward trend suggests that the company's ability to generate profits from its assets has weakened over time.
A decreasing ROA can indicate inefficiencies in asset utilization, declining profitability, or challenges in generating sufficient earnings relative to the size of the asset base. It is essential for stakeholders to closely monitor this trend and assess the underlying factors impacting Nucor Corp.'s ROA performance to understand and address any potential issues affecting the company's financial health and operational effectiveness.
Peer comparison
Dec 31, 2023