Valaris Ltd (VAL)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 350,200 | 269,300 | 191,000 | 71,900 | 53,500 | 56,300 | 133,400 | 323,100 | 264,700 | 198,900 | 108,600 | -105,600 | -903,200 | -1,047,600 | -1,145,400 | -2,130,200 | -1,517,000 | -1,516,100 | -1,564,100 | -683,400 |
| Total assets | US$ in thousands | 4,419,800 | 4,333,400 | 4,415,600 | 4,354,400 | 4,322,200 | 3,484,900 | 3,088,400 | 2,951,200 | 2,860,300 | 2,821,200 | 2,760,800 | 2,637,700 | 2,609,200 | 2,602,500 | 2,601,700 | 11,946,900 | 12,873,200 | 12,911,200 | 13,038,900 | 14,025,100 |
| Operating ROA | 7.92% | 6.21% | 4.33% | 1.65% | 1.24% | 1.62% | 4.32% | 10.95% | 9.25% | 7.05% | 3.93% | -4.00% | -34.62% | -40.25% | -44.03% | -17.83% | -11.78% | -11.74% | -12.00% | -4.87% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $350,200K ÷ $4,419,800K
= 7.92%
Valaris Ltd's operating return on assets (ROA) shows a significant improvement over the period from March 31, 2020, to December 31, 2024. The company started with negative operating ROA figures, indicating inefficiency in generating profits from its assets. However, there was a turnaround in their performance, reaching positive operating ROA values starting from June 30, 2022.
The operating ROA increased steadily from March 31, 2022, to December 31, 2024, indicating that Valaris Ltd is utilizing its assets more effectively to generate operating income. The positive trend in operating ROA suggests that the company is becoming more efficient in generating profits relative to its asset base.
The consistent improvement in operating ROA is a positive sign for Valaris Ltd, as it indicates the company's ability to generate greater operating income from its assets. This trend suggests that Valaris Ltd's operational efficiency has been on an upward trajectory, which can be a reflection of effective management and operational strategies implemented by the company.
Peer comparison
Dec 31, 2024