Vector Group Ltd (VGR)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 183,526 | 173,679 | 159,836 | 160,900 | 158,701 | 155,863 | 165,896 | 220,048 | 219,463 | 206,407 | 195,657 | 128,126 | 92,938 | 71,388 | 69,257 | 82,790 | 100,974 | 111,342 | 87,336 | 65,847 |
| 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 |
| ROA | 19.65% | 15.77% | 15.47% | 16.83% | 17.47% | 14.85% | 16.68% | 24.11% | 25.19% | 13.44% | 13.08% | 9.13% | 6.92% | 4.95% | 5.16% | 5.54% | 6.71% | 7.49% | 6.00% | 4.61% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $183,526K ÷ $934,095K
= 19.65%
Vector Group Ltd's return on assets (ROA) has fluctuated over the past eight quarters, ranging from a low of 14.31% in Q3 2022 to a high of 23.55% in Q1 2022. The company's ROA for the most recent quarter, Q4 2023, stands at 19.11%. This indicates that for every dollar in assets, the company generated a return of 19.11 cents in net income.
Overall, Vector Group Ltd has shown a generally positive trend in ROA performance, with the exception of a slight dip in Q3 2022. The upward trend in ROA from Q2 2022 to Q1 2022 suggests that the company was able to effectively utilize its assets to generate higher returns during that period. However, it will be important to monitor future performance to assess the sustainability of this trend and understand any potential factors driving these fluctuations in ROA.
Peer comparison
Dec 31, 2023