Kinder Morgan Inc (KMI)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 30,306,000 | 30,742,000 | 30,823,000 | 31,436,000 | 33,742,000 |
| ROE | 7.89% | 8.29% | 5.79% | 0.38% | 6.49% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $2,391,000K ÷ $30,306,000K
= 7.89%
Kinder Morgan Inc's return on equity (ROE) has shown fluctuating trends over the past five years. ROE stood at 7.84% in 2023, 8.25% in 2022, 5.74% in 2021, 0.34% in 2020, and 6.45% in 2019. The ROE indicates the company's efficiency in generating profits from shareholders' equity.
The ROE figure has seen some variability, with a notable increase in 2022 followed by a slight decline in 2023. The 2020 ROE was significantly lower compared to other years, indicating potential challenges or inefficiencies in that year. Overall, the trend suggests that Kinder Morgan Inc's ability to generate profits relative to shareholders' equity has been somewhat inconsistent over the past five years.
Further analysis and comparison with industry benchmarks or peer companies may provide additional insights into the company's performance and competitive position.
Peer comparison
Dec 31, 2023