Xcel Energy Inc (XEL)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	2,481,000	2,431,000	2,440,000	2,491,000	2,428,000	2,329,000	2,230,000	2,199,000	2,196,000	2,196,000	2,184,000	2,168,000	2,116,000	2,140,000	2,085,000	2,073,000	2,104,000	1,993,000	1,931,000	1,971,000
Total assets	US$ in thousands	64,079,000	62,870,000	61,658,000	60,945,000	61,188,000	59,975,000	59,317,000	57,985,000	57,851,000	57,517,000	56,779,000	56,511,000	53,957,000	53,708,000	53,456,000	51,133,000	50,448,000	50,240,000	48,584,000	47,850,000
Operating ROA		3.87%	3.87%	3.96%	4.09%	3.97%	3.88%	3.76%	3.79%	3.80%	3.82%	3.85%	3.84%	3.92%	3.98%	3.90%	4.05%	4.17%	3.97%	3.97%	4.12%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $2,481,000K ÷ $64,079,000K
= 3.87%

The operating return on assets (operating ROA) for Xcel Energy, Inc. fluctuated slightly over the past eight quarters, ranging from 3.79% to 4.07%. The company's operating ROA remained relatively stable around the 4% mark, indicating that Xcel Energy has been effectively utilizing its assets to generate operating income. This consistent performance suggests that the company has been maintaining operational efficiency and profitability levels over the analyzed period. However, it is important to continue monitoring the trend to ensure sustained financial health and performance.