Vulcan Materials Company (VMC)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,427,300 | 1,248,700 | 1,135,200 | 991,700 | 951,500 | 971,400 | 928,400 | 908,300 | 1,010,800 | 995,830 | 1,021,534 | 1,032,930 | 895,731 | 892,876 | 908,148 | 885,326 | 877,458 | 870,374 | 816,182 | 770,951 |
| Total assets | US$ in thousands | 14,545,700 | 14,620,500 | 14,333,600 | 14,076,900 | 14,234,600 | 14,615,800 | 14,181,500 | 13,860,800 | 13,682,600 | 13,688,000 | 11,571,000 | 11,332,800 | 11,686,900 | 11,590,500 | 11,398,700 | 10,629,400 | 10,648,800 | 10,539,700 | 10,480,800 | 10,296,900 |
| Operating ROA | 9.81% | 8.54% | 7.92% | 7.04% | 6.68% | 6.65% | 6.55% | 6.55% | 7.39% | 7.28% | 8.83% | 9.11% | 7.66% | 7.70% | 7.97% | 8.33% | 8.24% | 8.26% | 7.79% | 7.49% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,427,300K ÷ $14,545,700K
= 9.81%
Vulcan Materials Co's operating return on assets (operating ROA) has shown a consistent upward trend over the past eight quarters, indicating an improving operational efficiency in generating profits from its assets. The operating ROA increased from 6.51% in Q1 2022 to 9.48% in Q4 2023, reflecting a steady growth trajectory.
This positive trend suggests that the company has been able to enhance its profitability relative to its asset base. It is important to note that a higher operating ROA indicates that the company is utilizing its assets more effectively to generate earnings from its core operations.
Overall, Vulcan Materials Co's rising operating ROA signifies a strong operational performance and efficiency in utilizing its assets to generate profits, which is a positive indicator for investors and stakeholders.
Peer comparison
Dec 31, 2023