Vulcan Materials Company (VMC)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 933,200 | 575,600 | 670,800 | 584,500 | 617,700 |
| Total assets | US$ in thousands | 14,545,700 | 14,234,600 | 13,682,600 | 11,686,900 | 10,648,800 |
| ROA | 6.42% | 4.04% | 4.90% | 5.00% | 5.80% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $933,200K ÷ $14,545,700K
= 6.42%
The return on assets (ROA) for Vulcan Materials Co has shown a fluctuating trend over the past five years. In 2023, the ROA improved to 6.42% from 4.04% in 2022. This indicates that the company generated a higher level of net income relative to its total assets in 2023. However, the ROA in 2023 is still below the levels seen in 2019 and 2020, which were 5.80% and 5.00% respectively.
Overall, the ROA performance of Vulcan Materials Co demonstrates variations over the years, suggesting fluctuations in the company's ability to efficiently utilize its assets to generate profits. Further analysis of the company's financial strategy and operational efficiency is recommended to understand the factors driving these fluctuations in ROA.
Peer comparison
Dec 31, 2023