Xcel Energy Inc (XEL)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,481,000 | 2,428,000 | 2,203,000 | 2,116,000 | 2,104,000 |
| Total assets | US$ in thousands | 64,079,000 | 61,188,000 | 57,851,000 | 53,957,000 | 50,448,000 |
| Operating ROA | 3.87% | 3.97% | 3.81% | 3.92% | 4.17% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $2,481,000K ÷ $64,079,000K
= 3.87%
Xcel Energy, Inc.'s operating return on assets (operating ROA) has generally remained stable over the past five years, fluctuating between 3.81% to 4.17%. The operating ROA for the most recent year, ending Dec 31, 2023, stood at 4.04%, slightly higher than the prior year's 3.97%. This suggests that Xcel Energy has been able to generate profit from its operations relative to its total assets consistently, with a slight improvement in performance in the latest period.
The operating ROA metric indicates the company's efficiency in utilizing its assets to generate operating profits. While Xcel Energy's operating ROA has not shown significant fluctuations, the slight variations may be influenced by changes in operational efficiency, asset utilization, or profitability margins.
Overall, Xcel Energy's stable operating ROA indicates that the company has been effectively managing its assets to generate operating income over the years, which is a positive sign for investors and stakeholders interested in the company's operational performance.
Peer comparison
Dec 31, 2023