Kirby Corporation (KEX)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	286,707	305,796	278,792	252,305	222,935	198,338	174,465	145,555	122,291	95,943	-207,878	-226,145	-246,954	-235,711	56,508	71,320	-173,773	-193,200	-172,702	-150,417
Total assets	US$ in thousands	5,851,950	5,870,720	5,865,900	5,775,840	5,722,200	5,682,880	5,574,580	5,574,750	5,554,920	5,456,300	5,405,160	5,382,790	5,399,060	5,389,880	5,767,820	5,788,090	5,924,170	5,981,120	6,017,010	6,137,580
ROA		4.90%	5.21%	4.75%	4.37%	3.90%	3.49%	3.13%	2.61%	2.20%	1.76%	-3.85%	-4.20%	-4.57%	-4.37%	0.98%	1.23%	-2.93%	-3.23%	-2.87%	-2.45%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $286,707K ÷ $5,851,950K
= 4.90%

Kirby Corporation's return on assets (ROA) has shown a fluctuating trend over the past years. The ROA was negative in the first half of 2020, indicating that the company's assets were not generating sufficient returns during that period. However, the ROA turned positive in the latter part of 2020 and continued to improve in 2021 and 2022.

In the most recent quarters of 2023 and 2024, Kirby Corporation's ROA has been consistently positive, indicating that the company's assets are efficiently utilized to generate profits. The upward trend in ROA from 2020 to 2024 suggests that the company has been able to improve the efficiency of its asset utilization and generate better returns for its shareholders.

Overall, Kirby Corporation's improving ROA indicates positive performance in terms of utilizing its assets to generate profits, which is a favorable sign for the company's financial health and operational efficiency.