Vail Resorts Inc (MTN)
Operating return on assets (Operating ROA)
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 491,429 | 505,097 | 601,728 | 261,016 | 223,389 |
| Total assets | US$ in thousands | 5,698,440 | 5,947,750 | 6,318,030 | 6,251,060 | 5,244,230 |
| Operating ROA | 8.62% | 8.49% | 9.52% | 4.18% | 4.26% |
July 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $491,429K ÷ $5,698,440K
= 8.62%
Vail Resorts Inc's operating return on assets (operating ROA) has shown a relatively stable but fluctuating trend over the past five years. In the most recent fiscal year ending July 31, 2024, the operating ROA was 8.62%, a slight increase compared to the previous year's 8.49%. This indicates that the company generated $8.62 in operating income for every $100 of assets employed in its operations.
Compared to two years ago, the operating ROA was higher at 9.52% in fiscal year 2022, reflecting a stronger performance in utilizing its assets to generate operating profits. However, there was a significant improvement compared to fiscal year 2020 when the operating ROA was at a lower 4.26%.
Overall, the trajectory of Vail Resorts Inc's operating ROA suggests that the company has been able to maintain a reasonable level of efficiency in generating operating profits relative to its asset base, with some fluctuations in performance over the years. It is important to monitor these trends to assess the company's operational effectiveness and asset utilization in the long term.
Peer comparison
Jul 31, 2024