Xcel Energy Inc (XEL)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 17,616,000 | 16,675,000 | 15,612,000 | 14,575,000 | 13,239,000 |
| ROE | 10.05% | 10.41% | 10.23% | 10.11% | 10.36% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,771,000K ÷ $17,616,000K
= 10.05%
Over the past five years, Xcel Energy, Inc.'s return on equity (ROE) has remained relatively stable, hovering between 10.05% and 10.41%. This indicates that the company has been able to generate a consistent level of profits relative to its shareholders' equity. The stable ROE suggests that Xcel Energy has been effectively utilizing its equity to generate returns for its investors. However, it's worth noting that while the ROE has been relatively steady, it is slightly below the industry average, indicating that there may be areas for potential improvement in efficiency and profitability. Overall, the consistent ROE demonstrates the company's ability to generate value for its shareholders over the years.
Peer comparison
Dec 31, 2023