Knife River Corporation (KNF)

Return on assets (ROA)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023
Net income (ttm)	US$ in thousands	182,872
Total assets	US$ in thousands	2,599,810	2,680,880	2,642,900	2,326,770
ROA		7.03%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $182,872K ÷ $2,599,810K
= 7.03%

Knife River Corporation's return on assets (ROA) for the quarter ending December 31, 2023, was 7.03%. ROA is a key financial ratio that measures a company's efficiency in generating profit from its assets. A ROA of 7.03% indicates that Knife River Corporation generated a profit of 7.03% for every dollar of assets it owns during the period. This suggests that the company is effectively using its assets to generate earnings. Comparing this ROA to previous quarters can provide insights into the company's performance and operational efficiency over time.