Kinder Morgan Inc (KMI)

Return on assets (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
Net income (ttm)	US$ in thousands	2,391,000	2,467,000	2,511,000	2,560,000	2,548,000	2,515,000	2,434,000	1,042,000	1,784,000	1,754,000	1,714,000	1,834,000	119,000	122,000	173,000	1,328,000	2,190,000	2,074,000	2,300,000	1,641,000
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
ROA		3.37%	3.58%	3.64%	3.71%	3.64%	3.59%	3.51%	1.51%	2.53%	2.52%	2.44%	2.58%	0.17%	0.17%	0.24%	1.81%	2.95%	2.70%	3.00%	2.15%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,391,000K ÷ $71,020,000K
= 3.37%

Kinder Morgan Inc's return on assets (ROA) has shown a relatively stable trend over the past eight quarters. The ROA ranged from 1.49% in Q1 2022 to 3.69% in Q1 2023. There has been a gradual improvement in ROA from Q1 2022 to Q1 2023, indicating an enhanced ability to generate profits from its assets. The highest ROA was achieved in Q1 2023 at 3.69%, demonstrating strong asset utilization efficiency during that period. Overall, the company's ROA performance suggests effective management of assets to generate profits, albeit with some fluctuations in the short term.