Valero Energy Corporation (VLO)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	2,770,000	8,835,000	11,528,000	1,288,000	-1,107,000
Total assets	US$ in thousands	60,143,000	63,056,000	60,982,000	57,888,000	51,774,000
ROA		4.61%	14.01%	18.90%	2.22%	-2.14%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $2,770,000K ÷ $60,143,000K
= 4.61%

The return on assets (ROA) of Valero Energy Corporation has shown significant fluctuations over the past five years. Starting with a negative ROA of -2.14% on December 31, 2020, the company improved its performance and achieved a positive ROA of 2.22% by December 31, 2021.

There was a substantial increase in ROA to 18.90% by December 31, 2022, indicating improved efficiency in generating profits relative to its total assets. This strong performance was somewhat tempered in the following year, with the ROA decreasing to 14.01% by December 31, 2023.

In the most recent period, as of December 31, 2024, Valero Energy Corporation's ROA stood at 4.61%, showing a slight decline from the previous year but remaining positive overall. The varying ROA figures suggest that the company's profitability in relation to its assets has been dynamic, with both positive and negative trends observed over the period under review.