Vail Resorts Inc (MTN)
Profitability ratios
Return on sales
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | |
|---|---|---|---|---|---|
| Gross profit margin | 85.28% | 85.73% | 84.71% | 81.20% | 80.16% |
| Operating profit margin | 17.03% | 17.48% | 23.82% | 13.67% | 11.38% |
| Pretax margin | 11.41% | 12.34% | 17.29% | 6.73% | 5.41% |
| Net profit margin | 7.99% | 9.28% | 13.77% | 6.69% | 5.03% |
Vail Resorts Inc's profitability ratios have shown fluctuations over the past five years. The gross profit margin has remained relatively high, ranging from 80.16% in 2020 to 85.73% in 2023, indicating efficient cost management in generating revenue.
The operating profit margin peaked at 23.82% in 2022, showing strong operational efficiency, before declining to 17.03% in 2024. This suggests that the company may have experienced increased operating expenses or lower operating income in the most recent year.
The pretax margin, a measure of overall profitability before taxes, has also varied over the years. It reached a high of 17.29% in 2022, reflecting strong earnings performance, but decreased to 11.41% in 2024. This reduction could be attributed to changes in tax liabilities or other factors impacting pre-tax income.
Similarly, the net profit margin, which indicates the portion of revenue that translates into net income, has fluctuated, with a peak of 13.77% in 2022 and a decline to 7.99% in 2024. This suggests that Vail Resorts Inc may have experienced changes in expenses, taxes, or other factors affecting net profitability.
Overall, while Vail Resorts Inc has maintained generally strong profitability ratios, there have been shifts in margins over the past five years, highlighting the importance of monitoring and analyzing financial performance consistently.
Return on investment
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 8.62% | 8.49% | 9.52% | 4.18% | 4.26% |
| Return on assets (ROA) | 4.04% | 4.51% | 5.51% | 2.05% | 1.88% |
| Return on total capital | 14.25% | 13.57% | 13.66% | 6.46% | 5.75% |
| Return on equity (ROE) | 31.84% | 26.71% | 21.58% | 8.02% | 7.51% |
Vail Resorts Inc's profitability ratios have shown a positive trend over the past five years. The Operating return on assets (Operating ROA) has consistently increased from 4.26% in 2020 to 8.62% in 2024, indicating that the company's operating income generated per dollar of assets has improved over this period.
The Return on assets (ROA) has also shown a steady increase, reaching 4.04% in 2024 from 1.88% in 2020. This metric reflects the company's overall ability to generate profit from its total assets, and the upward trajectory indicates efficiency improvements in asset utilization.
The Return on total capital has demonstrated a positive trend as well, rising from 5.75% in 2020 to 14.25% in 2024. This ratio highlights the company's profitability in relation to both equity and debt investments, showing a consistent improvement in capital efficiency.
Lastly, the Return on equity (ROE) has shown significant growth, escalating from 7.51% in 2020 to 31.84% in 2024. This metric signifies the return generated for shareholders' equity and indicates a strong performance in maximizing shareholder value over the years.
Overall, Vail Resorts Inc's profitability ratios reflect a positive financial performance and efficiency in utilizing assets and capital to generate returns for both the company and its shareholders.