Williams Companies Inc (WMB)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	3,179,000	2,049,000	1,517,000	211,000	850,000
Total assets	US$ in thousands	52,627,000	48,433,000	47,612,000	44,165,000	46,040,000
ROA		6.04%	4.23%	3.19%	0.48%	1.85%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $3,179,000K ÷ $52,627,000K
= 6.04%

Williams Cos Inc's return on assets (ROA) has shown a positive trend over the past five years. ROA has steadily increased from 1.84% in 2019 to 6.03% in 2023. This indicates that the company has been more effective in generating profits relative to its assets over time. The significant improvement in ROA suggests that Williams Cos Inc has been using its assets more efficiently to generate earnings. Overall, the increasing ROA reflects positively on the company's operational efficiency and profitability.

Peer comparison

Dec 31, 2023

Company name

Symbol

ROA

Williams Companies Inc

WMB

6.04%

Antero Midstream Partners LP