Knife River Corporation (KNF)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 201,677 | 199,105 | 197,656 | 176,563 | 182,872 | 136,877 | 89,879 | 71,605 | 72,915 |
| Total assets | US$ in thousands | 2,851,200 | 2,884,120 | 2,682,860 | 2,513,640 | 2,599,800 | 2,680,880 | 2,642,900 | 2,326,770 | 2,505,750 |
| ROA | 7.07% | 6.90% | 7.37% | 7.02% | 7.03% | 5.11% | 3.40% | 3.08% | 2.91% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $201,677K ÷ $2,851,200K
= 7.07%
Knife River Corporation's return on assets (ROA) has shown a positive trend over the analyzed period from December 31, 2022, to December 31, 2024. ROA is a key profitability ratio that indicates how efficiently the company is utilizing its assets to generate profits.
The ROA has increased consistently over the period, starting at 2.91% on December 31, 2022, and reaching its peak at 7.37% on June 30, 2024. This suggests that Knife River Corporation has been able to effectively increase its profitability in relation to its total assets.
Although there was a slight decrease in ROA from June 30, 2024, to September 30, 2024, the ratio remained relatively high at 6.90% and then improved to 7.07% by December 31, 2024. This indicates that the company is efficiently utilizing its assets to generate profits.
Overall, the increasing trend in ROA reflects positively on Knife River Corporation's ability to generate earnings relative to its asset base. It suggests that the company is operating efficiently and effectively utilizing its resources to drive profitability.
Peer comparison
Dec 31, 2024