Kinder Morgan Inc (KMI)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 4,263,000 | 4,266,000 | 4,259,000 | 4,235,000 | 4,065,000 | 3,911,000 | 3,824,000 | 2,054,000 | 2,916,000 | 2,946,000 | 2,921,000 | 3,403,000 | 1,560,000 | 2,511,000 | 2,643,000 | 3,898,000 | 4,873,000 | 4,000,000 | 4,564,000 | 3,863,000 |
| Total assets | US$ in thousands | 71,020,000 | 68,862,000 | 69,073,000 | 68,931,000 | 70,078,000 | 69,992,000 | 69,390,000 | 69,135,000 | 70,416,000 | 69,640,000 | 70,175,000 | 71,208,000 | 71,973,000 | 71,821,000 | 71,784,000 | 73,530,000 | 74,157,000 | 76,931,000 | 76,695,000 | 76,292,000 |
| Operating ROA | 6.00% | 6.19% | 6.17% | 6.14% | 5.80% | 5.59% | 5.51% | 2.97% | 4.14% | 4.23% | 4.16% | 4.78% | 2.17% | 3.50% | 3.68% | 5.30% | 6.57% | 5.20% | 5.95% | 5.06% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $4,263,000K ÷ $71,020,000K
= 6.00%
Operating return on assets (operating ROA) is a key financial ratio that measures a company's operating income generated relative to its total assets. The trend analysis of Kinder Morgan Inc's operating ROA over the past eight quarters reveals a consistent performance.
From Q1 2022 to Q4 2023, Kinder Morgan Inc's operating ROA has fluctuated within a narrow range, with values ranging from 5.30% to 6.16%. This suggests that the company has been effectively utilizing its assets to generate operating income, maintaining a stable performance over the period analyzed.
The slight increase in operating ROA from Q4 2022 to Q3 2023 (5.75% to 6.16%) indicates a potential improvement in the company's operating efficiency and profitability. However, this was followed by a slight decrease in Q4 2023 to 5.98%, which may warrant further investigation into the factors influencing the change.
Overall, Kinder Morgan Inc's operating ROA demonstrates a consistent and relatively stable performance, indicating efficient utilization of assets to generate operating income. Further analysis of the company's operational strategies and market conditions may provide insights into the factors driving these trends in operating ROA.
Peer comparison
Dec 31, 2023