Valero Energy Corporation (VLO)
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 | 3,632,000 | 4,837,000 | 7,833,000 | 9,459,000 | 11,858,000 | 14,600,000 | 14,889,000 | 18,349,000 | 15,064,000 | 12,363,000 | 9,264,000 | 3,554,000 | 2,130,000 | 66,000 | -1,248,000 | 32,000 | -1,579,000 | 630,000 | 2,132,000 | 1,251,000 |
| Total assets | US$ in thousands | 60,143,000 | 60,382,000 | 63,615,000 | 62,574,000 | 64,483,000 | 63,175,000 | 60,667,000 | 60,177,000 | 60,982,000 | 59,329,000 | 64,345,000 | 60,402,000 | 57,888,000 | 54,691,000 | 55,456,000 | 53,614,000 | 51,774,000 | 51,732,000 | 49,099,000 | 47,747,000 |
| Operating ROA | 6.04% | 8.01% | 12.31% | 15.12% | 18.39% | 23.11% | 24.54% | 30.49% | 24.70% | 20.84% | 14.40% | 5.88% | 3.68% | 0.12% | -2.25% | 0.06% | -3.05% | 1.22% | 4.34% | 2.62% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,632,000K ÷ $60,143,000K
= 6.04%
Valero Energy Corporation's operating return on assets (ROA) fluctuated significantly over the analyzed period. The company's operating ROA started at a modest 2.62% in March 2020, improved to 4.34% by June 2020, but then dropped sharply to 1.22% by September 2020. The trend worsened as the operating ROA turned negative, reaching -3.05% by December 2020.
However, there was a slight recovery in the following quarters, as the operating ROA improved to 0.06% in March 2021 and then decreased again to -2.25% by June 2021. Subsequently, a positive trend started to emerge with a gradual increase in the operating ROA, reaching 5.88% by March 2022, and significantly rising to 14.40% by June 2022.
The operating ROA continued on an upward trajectory, hitting 30.49% by March 2023, the highest point in the analyzed period. Subsequently, the metric saw a slight decline, fluctuating around the 20% mark until December 2024 when it stood at 6.04%.
Overall, Valero Energy Corporation's operating ROA experienced notable fluctuations, showing periods of improvement and decline. The recent trend indicates a positive trajectory, with the company achieving higher levels of operating efficiency and generating better returns from its assets.
Peer comparison
Dec 31, 2024