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.
Peer comparison
Dec 31, 2023
Company name
Symbol
ROA
Knife River Corporation
KNF
7.03%
Martin Marietta Materials Inc
MLM
7.73%
MDU Resources Group Inc
MDU
5.29%
Vulcan Materials Company
VMC
6.42%