Vector Group Ltd (VGR)
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 | 328,035 | 325,717 | 319,113 | 338,181 | 339,010 | 318,294 | 316,408 | 319,590 | 320,439 | 325,894 | 328,009 | 305,919 | 294,428 | 265,998 | 248,588 | 253,029 | 231,135 | 233,640 | 232,938 | 218,555 |
| Total assets | US$ in thousands | 934,095 | 1,101,020 | 1,033,220 | 955,938 | 908,591 | 1,049,280 | 994,604 | 912,570 | 871,087 | 1,535,960 | 1,496,380 | 1,403,590 | 1,343,410 | 1,442,980 | 1,343,410 | 1,494,820 | 1,505,090 | 1,486,680 | 1,455,160 | 1,429,160 |
| Operating ROA | 35.12% | 29.58% | 30.89% | 35.38% | 37.31% | 30.33% | 31.81% | 35.02% | 36.79% | 21.22% | 21.92% | 21.80% | 21.92% | 18.43% | 18.50% | 16.93% | 15.36% | 15.72% | 16.01% | 15.29% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $328,035K ÷ $934,095K
= 35.12%
To analyze Vector Group Ltd's operating return on assets (ROA), we observe fluctuations in the operating ROA percentage over the past eight quarters. The operating ROA tells us how efficiently the company is generating profits from its assets without considering the impact of financing decisions.
From the data provided, we see that the operating ROA has shown variability over the quarters. In Q4 2023, the operating ROA was at its highest point of 37.13%, indicating that the company was able to generate 37.13 cents of operating income for every dollar of assets employed in that quarter. This represents a significant improvement compared to the previous quarter.
Looking further back, the operating ROA figures have shown a fluctuating trend, with occasional peaks and declines. Q3 2022 saw a notably lower operating ROA of 21.57%, suggesting a potential operational efficiency challenge during that period. Subsequently, there was a steady increase in the operating ROA figures until Q1 2023, where it reached 35.64%.
Overall, Vector Group Ltd's operating ROA has demonstrated a pattern of variability, indicating fluctuations in the company's ability to generate operating income from its assets. Investors and stakeholders may consider monitoring the trend of operating ROA over time to assess the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023