Vail Resorts Inc (MTN)
Operating return on assets (Operating ROA)
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 491,429 | 530,028 | 483,922 | 461,403 | 505,097 | 567,080 | 606,933 | 604,040 | 601,728 | 529,402 | 376,728 | 259,304 | 261,016 | 261,414 | 91,941 | 194,958 | 223,389 | 272,853 | 477,219 | 468,334 |
| Total assets | US$ in thousands | 5,698,440 | 5,808,740 | 5,847,660 | 5,760,020 | 5,947,750 | 6,199,450 | 6,564,960 | 6,280,870 | 6,318,030 | 6,397,290 | 6,369,740 | 6,290,550 | 6,251,060 | 6,276,640 | 6,165,830 | 5,390,520 | 5,244,230 | 5,289,650 | 5,113,680 | 5,157,750 |
| Operating ROA | 8.62% | 9.12% | 8.28% | 8.01% | 8.49% | 9.15% | 9.25% | 9.62% | 9.52% | 8.28% | 5.91% | 4.12% | 4.18% | 4.16% | 1.49% | 3.62% | 4.26% | 5.16% | 9.33% | 9.08% |
July 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $491,429K ÷ $5,698,440K
= 8.62%
The operating return on assets (ROA) for Vail Resorts Inc has shown fluctuations over the past few quarters. In the most recent quarter ending July 31, 2024, the operating ROA was 8.62%, a decrease from the previous quarter's 9.12%. The trend over the past year indicates that the company's operating ROA has generally remained above 8%, with some variability.
While the operating ROA was relatively stable from January 2023 to July 2023, ranging between 8.28% and 9.25%, there was a significant increase in the operating ROA in the quarter ending October 2022, reaching 9.62%. This was followed by a slight decline in the next two quarters before experiencing a more pronounced decrease in the quarter ending January 2022 to 5.91%.
The operating ROA then declined further to 4.12% in the quarter ending October 2021, before showing a gradual improvement in subsequent quarters. It is notable that the operating ROA had dipped to very low levels in earlier quarters, such as 1.49% in January 2021, before making a more significant recovery in the latter part of 2021.
Overall, the operating ROA of Vail Resorts Inc has displayed some volatility but has generally maintained levels above 8% in recent quarters, indicating the company's ability to efficiently generate operating profits relative to its total assets. Continued monitoring of the operating ROA will be essential to assess the company's operational performance and asset utilization efficiency.
Peer comparison
Jul 31, 2024