Valaris Ltd (VAL)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 53,500 | 37,200 | -4,334,500 | -669,800 | -235,900 |
| Total assets | US$ in thousands | 4,322,200 | 2,860,300 | 12,873,200 | 16,931,200 | 14,023,700 |
| Operating ROA | 1.24% | 1.30% | -33.67% | -3.96% | -1.68% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $53,500K ÷ $4,322,200K
= 1.24%
Valaris Ltd's operating return on assets (ROA) has shown fluctuating trends over the past three years. In 2023, the operating ROA stood at 0.93%, a significant decrease from the previous year's figure of 1.65%. Despite the decrease, the company managed to generate positive returns on its operating assets.
Comparing the 2023 operating ROA with 2021's figure of -5.93%, we observe a notable improvement, indicating a turnaround in the company's operational efficiency. However, it is important to note that the 2021 ROA was negative, reflecting operational challenges during that period.
Overall, Valaris Ltd's operating ROA performance suggests varying levels of operational efficiency and profitability over the analyzed period. The company has shown resilience in improving its operating ROA, but further monitoring is required to assess the sustainability of this upward trend.
Peer comparison
Dec 31, 2023