Antero Midstream Partners LP (AM)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 371,786 | 326,242 | 331,617 | -122,527 | -355,114 |
| Total assets | US$ in thousands | 5,737,620 | 5,791,320 | 5,544,000 | 5,610,910 | 6,282,880 |
| ROA | 6.48% | 5.63% | 5.98% | -2.18% | -5.65% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $371,786K ÷ $5,737,620K
= 6.48%
Antero Midstream Corp's return on assets (ROA) has shown a positive trend from 2019 to 2023. The ROA increased from -5.66% in 2019 to 6.47% in 2023, indicating an improvement in the company's ability to generate profits relative to its total assets. This positive trajectory suggests that the company has been utilizing its assets more efficiently over the years. Additionally, the significant jump from negative ROA in 2020 to positive ROA in subsequent years reflects a rebound in the company's profitability and asset utilization. Overall, the upward trend in ROA indicates that Antero Midstream Corp has been effectively managing its assets to generate higher returns for its shareholders.
Peer comparison
Dec 31, 2023