Kinder Morgan Inc (KMI)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,391,000 | 2,548,000 | 1,784,000 | 119,000 | 2,190,000 |
| Total assets | US$ in thousands | 71,020,000 | 70,078,000 | 70,416,000 | 71,973,000 | 74,157,000 |
| ROA | 3.37% | 3.64% | 2.53% | 0.17% | 2.95% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $2,391,000K ÷ $71,020,000K
= 3.37%
Kinder Morgan Inc's return on assets (ROA) has experienced fluctuations over the past five years. In 2023, the company's ROA stood at 3.35%, showing a slight decrease from 3.62% in 2022. Despite this decline, the ROA in 2023 remains relatively strong compared to the prior years. In 2021, Kinder Morgan Inc's ROA was 2.51%, indicating an improvement from the significantly lower ROA of 0.15% in 2020. The company's ROA was relatively consistent in 2019 at 2.94%.
Overall, Kinder Morgan Inc's ROA has shown variability over the years, with fluctuations potentially influenced by changes in the company's asset utilization and profitability. Further analysis of the underlying factors driving these fluctuations would be necessary to gain a more comprehensive understanding of the company's financial performance.
Peer comparison
Dec 31, 2023