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.
Peer comparison
Dec 31, 2023
Company name
Symbol
Operating ROA
Knife River Corporation
KNF
11.40%
Martin Marietta Materials Inc
MLM
10.55%
MDU Resources Group Inc
MDU
4.88%
Vulcan Materials Company
VMC
9.81%