Xcel Energy Inc (XEL)

Return on assets (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
Net income (ttm)	US$ in thousands	1,771,000	1,741,000	1,734,000	1,774,000	1,736,000	1,645,000	1,605,000	1,588,000	1,570,000	1,570,000	1,564,000	1,540,000	1,473,000	1,477,000	1,401,000	1,352,000	1,372,000	1,294,000	1,258,000	1,285,000
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
ROA		2.76%	2.77%	2.81%	2.91%	2.84%	2.74%	2.71%	2.74%	2.71%	2.73%	2.75%	2.73%	2.73%	2.75%	2.62%	2.64%	2.72%	2.58%	2.59%	2.69%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,771,000K ÷ $64,079,000K
= 2.76%

Xcel Energy, Inc.'s return on assets (ROA) has been relatively stable over the past eight quarters, ranging from 2.75% to 2.91%. The company's ability to generate returns from its assets has shown consistency, with a slight increase in ROA in Q2 2023 compared to the previous quarters. This indicates that Xcel Energy is effectively utilizing its assets to generate earnings. Overall, the trend in ROA reflects the company's efficiency in managing its assets and generating profits for its shareholders.