Nucor Corp (NUE)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	2,026,968	2,525,367	3,416,967	4,233,100	4,524,799	4,995,130	5,541,480	6,630,320	7,580,980	8,565,630	8,996,070	7,946,070	6,795,926	4,952,215	3,026,129	1,634,028	716,673	427,087	508,249	784,212
Total assets	US$ in thousands	33,940,000	34,346,200	34,185,200	33,932,500	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
ROA		5.97%	7.35%	10.00%	12.48%	12.80%	14.58%	16.60%	20.56%	23.34%	26.71%	28.41%	27.75%	26.32%	19.85%	13.16%	7.72%	3.56%	2.19%	2.71%	4.39%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,026,968K ÷ $33,940,000K
= 5.97%

The Return on Assets (ROA) is a financial ratio that indicates how efficiently a company is generating profits from its assets. Looking at the data provided for Nucor Corp, we see fluctuations in ROA over the quarters analyzed:

- From March 31, 2020, to December 31, 2021, ROA shows a gradual increase, indicating improved asset utilization and profitability during this period.
- The ROA peaked at 28.41% on June 30, 2022, signaling a period of exceptionally high profitability relative to its asset base.
- However, from September 30, 2022, to December 31, 2024, the ROA experienced a declining trend, suggesting a decrease in profitability in relation to the level of assets employed.

Overall, Nucor Corp's ROA trend suggests periods of efficiency in generating profits from its assets, with some quarters outperforming others. Management may need to monitor and address factors impacting asset utilization and profitability to sustain or improve ROA levels in the future.