Xcel Energy Inc (XEL)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,936,000 | 1,771,000 | 1,736,000 | 1,597,000 | 1,473,000 |
| Total assets | US$ in thousands | 70,035,000 | 64,079,000 | 61,188,000 | 57,851,000 | 53,957,000 |
| ROA | 2.76% | 2.76% | 2.84% | 2.76% | 2.73% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,936,000K ÷ $70,035,000K
= 2.76%
Based on the data provided, Xcel Energy Inc's return on assets (ROA) has shown a relatively stable performance over the years. The ROA increased marginally from 2.73% in December 31, 2020, to 2.84% in December 31, 2022, before leveling off at 2.76% in the subsequent years (2021, 2023, and 2024).
Xcel Energy Inc's ROA of around 2.76% to 2.84% indicates that the company is generating approximately $0.0276 to $0.0284 in profit for every dollar of assets it owns. This level of return suggests that the company is effectively utilizing its assets to generate profits, although there may be room for improvement to increase the efficiency of asset utilization further.
Overall, the steady performance of Xcel Energy's ROA suggests consistency in its ability to generate profits relative to its asset base, which is a positive indicator for investors and stakeholders assessing the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024