Knife River Corporation (KNF)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023
Operating income (ttm)	US$ in thousands	296,396
Total assets	US$ in thousands	2,599,810	2,680,880	2,642,900	2,326,770
Operating ROA		11.40%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $296,396K ÷ $2,599,810K
= 11.40%

Knife River Corporation's operating return on assets (ROA) for the year 2023 has been stable at 11.40% across all four quarters. This indicates that the company is generating a consistent level of operating income relative to its total assets throughout the year. A higher operating ROA suggests that the company is effectively utilizing its assets to generate operating profits. However, it is important to further assess the company's operating expenses and asset management strategies to fully gauge the efficiency and profitability of its operations.