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.