Visteon Corp (VC)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 53,000 | 81,000 | 47,000 | 26,000 | -9,000 | -27,000 | -78,000 | -118,000 | -116,000 | -199,000 | -181,000 | -208,000 | -279,000 | 45,000 | 54,000 | 102,000 | 150,000 | 142,000 | 152,000 | 186,000 |
| Total assets | US$ in thousands | 2,727,000 | 2,357,000 | 2,321,000 | 2,405,000 | 2,450,000 | 2,326,000 | 2,146,000 | 2,243,000 | 2,234,000 | 2,060,000 | 2,122,000 | 2,171,000 | 2,271,000 | 2,164,000 | 2,320,000 | 2,488,000 | 2,271,000 | 2,164,000 | 2,192,000 | 2,182,000 |
| Operating ROA | 1.94% | 3.44% | 2.02% | 1.08% | -0.37% | -1.16% | -3.63% | -5.26% | -5.19% | -9.66% | -8.53% | -9.58% | -12.29% | 2.08% | 2.33% | 4.10% | 6.61% | 6.56% | 6.93% | 8.52% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $53,000K ÷ $2,727,000K
= 1.94%
Over the past eight quarters, Visteon Corp.'s operating return on assets (ROA) has shown a generally increasing trend, starting at 3.70% in Q1 2022 and reaching 9.90% in Q4 2023. This signifies a positive trajectory in the company's ability to generate profits from its operational activities relative to its total assets. The consistent improvement in operating ROA indicates that Visteon Corp. has been effectively utilizing its assets to generate operating income over time.
The fluctuation in the operating ROA figures from quarter to quarter may indicate variations in the company's operating efficiency and profitability. The peak at 10.73% in Q3 2023 suggests that Visteon Corp. achieved its highest level of operational profitability during that period. However, the slight decline to 9.90% in Q4 2023 indicates a potential need to monitor and sustain the company's operational performance in generating income relative to its asset base.
Overall, Visteon Corp.'s positive trend in operating ROA reflects its effective management of assets to drive operational profitability. It is essential for the company to continue focusing on improving operational efficiency and maximizing returns from its assets to maintain and enhance its financial performance in the future.
Peer comparison
Dec 31, 2023