Valero Energy Corporation (VLO)

Return on assets (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
Net income (ttm)	US$ in thousands	2,770,000	3,691,000	5,949,000	7,013,000	8,835,000	10,746,000	10,941,000	13,690,000	11,528,000	9,424,000	7,070,000	2,539,000	930,000	-438,000	-1,365,000	-274,000	-1,421,000	-2,000	1,071,000	430,000
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
ROA		4.61%	6.11%	9.35%	11.21%	13.70%	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%

December 31, 2024 calculation

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

The return on assets (ROA) of Valero Energy Corporation has shown fluctuations over the past few years. The ROA was negative in some quarters, indicating that the company's assets were not generating positive returns during those periods.

From March 31, 2022, to December 31, 2024, Valero's ROA showed a generally increasing trend from 4.20% to 4.61%. The significant improvement in ROA during this period suggests that the company became more efficient in utilizing its assets to generate profits.

The peak ROA of 22.75% was achieved on March 31, 2023, indicating a period of strong asset performance. However, the ROA declined thereafter, reaching 4.61% by December 31, 2024.

Overall, the ROA trend indicates that Valero Energy Corporation has made efforts to enhance its asset efficiency and profitability, although there were fluctuations in performance over the observed period. Continued monitoring of ROA will be essential to assess the company's ongoing ability to generate profits from its assets.