Kinder Morgan Inc (KMI)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 4,384,000 | 4,377,000 | 4,300,000 | 4,292,000 | 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 |
| Total assets | US$ in thousands | 71,407,000 | 70,879,000 | 70,702,000 | 70,736,000 | 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 |
| Operating ROA | 6.14% | 6.18% | 6.08% | 6.07% | 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% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $4,384,000K ÷ $71,407,000K
= 6.14%
Operating Return on Assets (Operating ROA) is a key financial ratio that indicates how efficiently a company is utilizing its assets to generate operating income. For Kinder Morgan Inc, the trend of Operating ROA over the years shows fluctuations but demonstrates some consistency as well.
From March 31, 2020, to December 31, 2024, Kinder Morgan's Operating ROA ranged from a low of 2.17% to a high of 6.19%. The ratio exhibited an overall upward trend, signaling an improvement in the company's ability to generate operating income from its assets over this period.
Notable fluctuations were observed in the Operating ROA, with some quarters showing significant changes. For instance, there was a noticeable decline in the ratio from 5.30% on March 31, 2020, to 2.17% on December 31, 2020. However, there was a recovery and a subsequent increase in the ratio in the following quarters.
Overall, the Operating ROA for Kinder Morgan Inc saw positive growth, reaching a peak of 6.19% on September 30, 2023. This suggests that the company became more efficient in generating operating income relative to the total assets it holds during this time frame.
The gradual improvement in Operating ROA indicates that Kinder Morgan Inc has been able to enhance its operational efficiency and profitability, which can be a positive indicator for investors and stakeholders interested in the company's financial performance.
Peer comparison
Dec 31, 2024