Valero Energy Corporation (VLO)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 8.59% | 10.11% | 9.89% | 10.93% | 9.24% | 7.79% | 6.52% | 3.30% | 2.07% | 0.57% | -0.78% | 1.24% | -1.14% | 1.96% | 3.44% | 2.03% | 4.41% | 3.96% | 4.13% | 4.41% |
| Operating profit margin | 8.22% | 9.69% | 9.50% | 10.56% | 8.92% | 7.65% | 6.39% | 3.19% | 1.88% | 0.07% | -1.55% | 0.05% | -2.43% | 0.83% | 2.43% | 1.18% | 3.54% | 3.11% | 3.31% | 3.55% |
| Pretax margin | 7.94% | 9.33% | 9.10% | 10.21% | 8.51% | 7.07% | 5.75% | 2.44% | 1.05% | -0.68% | -2.44% | -1.12% | -3.58% | -0.38% | 1.47% | 0.44% | 2.88% | 2.65% | 2.88% | 3.11% |
| Net profit margin | 6.13% | 7.14% | 6.98% | 7.88% | 6.56% | 5.55% | 4.57% | 1.94% | 0.82% | -0.46% | -1.69% | -0.43% | -2.19% | -0.00% | 1.22% | 0.41% | 2.24% | 2.12% | 2.27% | 2.43% |
Valero Energy Corp.'s profitability ratios, as indicated by the gross profit margin, operating profit margin, pre-tax margin, and net profit margin, have shown fluctuations over the past eight quarters. The company's gross profit margin has ranged from 14.52% to 16.33%, with Q1 2023 demonstrating the highest margin at 16.33%. This indicates the company's ability to efficiently produce its goods and services.
In terms of operating profit margin, Valero Energy Corp. has seen a fluctuation from 6.36% to 10.56% over the same period. Q1 2023 recorded the highest operating profit margin of 10.56%. This indicates the company's ability to control operating expenses and generate profits from its core business activities.
The pre-tax margin, representing profitability before taxes, has varied from 5.90% to 10.39% throughout the quarters analyzed. Q1 2023 witnessed the highest pre-tax margin of 10.39%. This metric reflects the company's ability to manage its expenses and generate profits before accounting for tax obligations.
The net profit margin, which indicates the company's profitability after all expenses, including taxes, has ranged from 4.53% to 7.83%. Q1 2023 showed the highest net profit margin of 7.83%. This metric gives insight into how efficient the company is in converting revenue into net income.
Overall, Valero Energy Corp.'s profitability ratios have demonstrated variability over the quarters, with some quarters showing stronger profitability margins than others. It is crucial for the company to continue monitoring and managing its cost structures to maintain and improve its profitability levels.
Return on investment
| 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 return on assets (Operating ROA) | 18.81% | 23.11% | 24.54% | 30.49% | 25.73% | 21.89% | 15.37% | 6.92% | 3.68% | 0.12% | -2.25% | 0.06% | -3.05% | 1.22% | 4.34% | 2.62% | 7.12% | 6.63% | 7.18% | 7.83% |
| Return on assets (ROA) | 14.01% | 17.01% | 18.03% | 22.75% | 18.90% | 15.88% | 10.99% | 4.20% | 1.61% | -0.80% | -2.46% | -0.51% | -2.74% | -0.00% | 2.18% | 0.90% | 4.50% | 4.52% | 4.92% | 5.36% |
| Return on total capital | 45.72% | 56.33% | 57.32% | 73.30% | 65.86% | 57.41% | 45.25% | 20.15% | 9.70% | -0.21% | -7.79% | -0.69% | -9.37% | 1.24% | 8.98% | 4.95% | 16.41% | 15.84% | 17.34% | 18.94% |
| Return on equity (ROE) | 33.53% | 41.37% | 42.32% | 54.81% | 48.93% | 43.01% | 33.72% | 13.49% | 5.05% | -2.51% | -7.73% | -1.54% | -7.56% | -0.01% | 5.40% | 2.28% | 11.11% | 10.96% | 12.00% | 13.11% |
Valero Energy Corp.'s profitability ratios show a positive trend over the quarters analyzed. The Operating return on assets (Operating ROA) has been consistently strong, ranging from 15.37% in Q1 2022 to 30.59% in Q1 2023, indicating efficient utilization of company assets to generate profits from operations.
The Return on assets (ROA) also demonstrates favorable performance, with figures increasing incrementally from 4.19% in Q1 2022 to 22.67% in Q1 2023. This suggests that Valero Energy Corp. is effectively generating earnings relative to its total assets.
The Return on total capital exhibits a similar pattern of improvement, rising from 13.07% in Q1 2022 to 50.57% in Q1 2023. This metric reflects the company's ability to generate returns for both equity and debt holders.
Furthermore, the Return on equity (ROE) portrays a robust performance, with values climbing steadily from 13.45% in Q1 2022 to 54.61% in Q1 2023. This indicates that Valero Energy Corp. is delivering strong returns to its shareholders relative to their investments in the company.
Overall, the profitability ratios for Valero Energy Corp. demonstrate a consistent upward trajectory, reflecting the company's efficient management of assets and successful generation of profits across the quarters analyzed.
See also:
Valero Energy Corporation Profitability Ratios (Quarterly Data)