Knife River Corporation (KNF)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 201,678 | 182,872 | 72,916 | 129,755 | 147,325 |
| Total assets | US$ in thousands | 2,851,200 | 2,599,810 | 2,505,750 | 2,181,820 | — |
| ROA | 7.07% | 7.03% | 2.91% | 5.95% | — |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $201,678K ÷ $2,851,200K
= 7.07%
The return on assets (ROA) for Knife River Corporation has shown a fluctuating trend over the years. In 2021, the ROA was 5.95%, indicating that the company generated $0.0595 in net income for every dollar of assets it had. This was followed by a decrease in ROA to 2.91% in 2022, suggesting a decline in profitability. However, the company's performance improved in 2023 with an ROA of 7.03%, indicating a more efficient utilization of assets to generate profits. This positive trend continued in 2024, with an ROA of 7.07%, reflecting further improvement in the company's profitability. Overall, the increasing trend in ROA from 2022 to 2024 suggests that Knife River Corporation is becoming more effective in generating profits from its assets, which is a positive indication for investors and stakeholders.
Peer comparison
Dec 31, 2024