Knife River Corporation (KNF)
Return on equity (ROE)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 182,872 | |||
| Total stockholders’ equity | US$ in thousands | 1,266,010 | 1,243,020 | 1,094,850 | 974,769 |
| ROE | 14.44% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $182,872K ÷ $1,266,010K
= 14.44%
Knife River Corporation's return on equity (ROE) for the four quarters of 2023 ranged from 14.44%. ROE measures the company's ability to generate profits from shareholders' equity, reflecting managerial efficiency in utilizing equity to generate earnings. The consistent ROE above 10% indicates that Knife River Corporation is effectively utilizing shareholders' equity to generate profit. This signifies that the company is efficiently using its capital to generate earnings, implying a healthy financial performance and potential attractiveness to investors. It is essential for the company to sustain or improve its ROE to ensure continued profitability and shareholder value.
Peer comparison
Dec 31, 2023