Antero Midstream Partners LP (AM)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 611,862 | 539,466 | 555,327 | -117,638 | -398,493 |
| Total assets | US$ in thousands | 5,737,620 | 5,791,320 | 5,544,000 | 5,610,910 | 6,282,880 |
| Operating ROA | 10.66% | 9.32% | 10.02% | -2.10% | -6.34% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $611,862K ÷ $5,737,620K
= 10.66%
Antero Midstream Corp's operating return on assets (operating ROA) has shown a positive trend over the last five years. The company's operating ROA increased from 5.91% in 2019 to 10.79% in 2023, indicating an improvement in the efficiency of utilizing its assets to generate operating income. This trend suggests that the company has been successful in effectively managing its assets to generate profits from its core operations. The consistent increase in operating ROA from 2020 to 2023 also reflects the company's ability to enhance profitability relative to its asset base over time. Overall, the improving operating ROA demonstrates Antero Midstream Corp's operational efficiency and effectiveness in generating returns from its assets.
Peer comparison
Dec 31, 2023