Knife River Corporation (KNF)
Return on total capital
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 303,403 | |||
| Long-term debt | US$ in thousands | 674,577 | 675,649 | 832,047 | 359 |
| Total stockholders’ equity | US$ in thousands | 1,266,010 | 1,243,020 | 1,094,850 | 974,769 |
| Return on total capital | 15.63% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $303,403K ÷ ($674,577K + $1,266,010K)
= 15.63%
Knife River Corporation's return on total capital has remained relatively stable around 15.63% over the four quarters ending December 31, 2023. This indicates that the company is efficiently utilizing its total capital to generate profits. A consistent return on total capital suggests that Knife River Corporation is effectively managing its investments and assets to generate a satisfactory return for its investors. However, it is important to consider the industry average and compare Knife River Corporation's performance with its competitors to get a better understanding of its financial health and performance.
Peer comparison
Dec 31, 2023