Kinder Morgan Inc (KMI)
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 | 4,263,000 | 4,065,000 | 2,916,000 | 1,560,000 | 4,873,000 |
| Total assets | US$ in thousands | 71,020,000 | 70,078,000 | 70,416,000 | 71,973,000 | 74,157,000 |
| Operating ROA | 6.00% | 5.80% | 4.14% | 2.17% | 6.57% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $4,263,000K ÷ $71,020,000K
= 6.00%
Kinder Morgan Inc's operating return on assets (ROA) has shown some fluctuation over the past five years. In 2023, the operating ROA was 5.98%, reflecting an increase compared to the previous year's 5.75%. This improvement suggests that the company was able to generate more operating income relative to its assets in 2023.
Looking further back, in 2021, Kinder Morgan Inc's operating ROA was at its highest point at 6.44%, indicating strong operational efficiency and profitability. However, there was a slight dip in 2020 when the operating ROA stood at 4.85%, before recovering in 2019 to 5.30%.
Overall, the trend in Kinder Morgan Inc's operating ROA highlights some year-to-year variability, but the company has generally maintained a positive operating return on its assets, signaling effective utilization of its asset base to generate operating income.
Peer comparison
Dec 31, 2023