Antero Midstream Partners LP (AM)
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 | 371,786 | 354,132 | 340,326 | 332,709 | 326,242 | 322,075 | 327,388 | 328,216 | 331,617 | 329,449 | 345,629 | 353,847 | -122,527 | -343,544 | -738,528 | -757,695 | -355,114 | -192,886 | 114,021 | 58,628 |
| Total assets | US$ in thousands | 5,737,620 | 5,758,710 | 5,752,880 | 5,770,530 | 5,791,320 | 5,563,820 | 5,585,500 | 5,580,590 | 5,544,000 | 5,533,630 | 5,540,740 | 5,546,760 | 5,610,910 | 5,673,500 | 5,715,060 | 5,781,360 | 6,282,880 | 6,445,500 | 6,769,010 | 6,668,430 |
| ROA | 6.48% | 6.15% | 5.92% | 5.77% | 5.63% | 5.79% | 5.86% | 5.88% | 5.98% | 5.95% | 6.24% | 6.38% | -2.18% | -6.06% | -12.92% | -13.11% | -5.65% | -2.99% | 1.68% | 0.88% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $371,786K ÷ $5,737,620K
= 6.48%
Antero Midstream Corp's return on assets (ROA) has shown a stable performance over the past eight quarters. The ROA has been consistently above 5%, ranging from 5.62% to 6.47%. This indicates that the company has been effectively utilizing its assets to generate profits during this period. Overall, the trend suggests that Antero Midstream Corp has been maintaining a satisfactory level of efficiency in generating earnings from its assets. An increasing trend in ROA would indicate improving asset utilization efficiency, while a decreasing trend would signal a decline in efficiency. Monitoring ROA can provide insights into the company's operational performance and effectiveness in generating returns for its shareholders.
Peer comparison
Dec 31, 2023