Knife River Corporation (KNF)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 316,194 | 296,397 | 164,549 | 191,077 | 214,498 |
| Total assets | US$ in thousands | 2,851,200 | 2,599,810 | 2,505,750 | 2,181,820 | — |
| Operating ROA | 11.09% | 11.40% | 6.57% | 8.76% | — |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $316,194K ÷ $2,851,200K
= 11.09%
Based on the provided data, Knife River Corporation's operating return on assets (Operating ROA) has shown fluctuations over the past five years. In December 2020, the Operating ROA figure was not disclosed. However, in December 2021, it stood at 8.76%, indicating the company generated a return of 8.76% on its operating assets during that period.
Subsequently, there was a decrease in Operating ROA to 6.57% by December 2022, suggesting a decrease in the company's efficiency in generating operating income from its assets.
However, in December 2023, there was a significant improvement with the Operating ROA rising to 11.40%, indicating a more effective utilization of operating assets to generate income. This positive trend continued in December 2024, with the Operating ROA slightly decreasing to 11.09%.
Overall, the trend of Knife River Corporation's Operating ROA indicates variability in the company's ability to generate operating income from its assets. The company should continue to monitor and assess its asset management strategies to maintain or improve its Operating ROA in the future.
Peer comparison
Dec 31, 2024