Xcel Energy Inc (XEL)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,771,000 | 1,736,000 | 1,597,000 | 1,473,000 | 1,372,000 |
| Total assets | US$ in thousands | 64,079,000 | 61,188,000 | 57,851,000 | 53,957,000 | 50,448,000 |
| ROA | 2.76% | 2.84% | 2.76% | 2.73% | 2.72% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $1,771,000K ÷ $64,079,000K
= 2.76%
Based on the data provided, Xcel Energy, Inc.'s return on assets (ROA) has shown a relatively stable performance over the past five years. The ROA ranged from 2.72% in 2019 to 2.84% in 2022, with the latest reported ROA standing at 2.76% in 2023. This indicates that, on average, the company generated approximately 2.76 cents of profit for each dollar of assets held over the last year.
The consistency in the ROA suggests that Xcel Energy has been effectively utilizing its assets to generate profits, maintaining a steady performance despite fluctuations in the economic environment. This stable ROA trend reflects positively on the company's operational efficiency and asset management strategies.
Overall, Xcel Energy's ROA indicates a sound financial health and suggests that the company has been able to generate a reasonable return for its investors relative to the total assets it holds.
Peer comparison
Dec 31, 2023