Targa Resources Inc (TRGP)
Return on assets (ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,345,900 | 1,364,300 | 1,337,400 | 1,604,500 | 1,195,500 | 563,900 | 553,000 | 12,800 | 71,200 | 418,400 | 305,500 | 330,300 | -1,553,900 | -1,700,300 | -1,816,900 | -1,908,100 | -209,200 | -203,000 | -179,400 | -60,100 |
| Total assets | US$ in thousands | 20,671,800 | 20,189,600 | 19,461,800 | 19,025,500 | 19,560,000 | 19,389,900 | 15,334,300 | 15,295,400 | 15,208,200 | 15,972,700 | 15,411,800 | 15,648,400 | 15,875,700 | 16,052,100 | 15,965,400 | 16,026,800 | 18,815,100 | 18,918,500 | 18,318,200 | 17,569,200 |
| ROA | 6.51% | 6.76% | 6.87% | 8.43% | 6.11% | 2.91% | 3.61% | 0.08% | 0.47% | 2.62% | 1.98% | 2.11% | -9.79% | -10.59% | -11.38% | -11.91% | -1.11% | -1.07% | -0.98% | -0.34% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,345,900K ÷ $20,671,800K
= 6.51%
Targa Resources Corp's return on assets (ROA) has shown a positive trend over the past eight quarters, starting from -0.83% in Q1 2022 and steadily increasing to 4.04% in Q4 2023. This indicates that the company has been able to generate more earnings relative to its total assets, reflecting improved efficiency in asset utilization and profitability. The upward trend in ROA suggests that Targa Resources Corp has been effectively managing its assets to generate higher returns for shareholders. It is noteworthy that the company has been able to consistently improve its ROA in recent quarters, which is a positive indicator of its financial performance and operational effectiveness.
Peer comparison
Dec 31, 2023