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