Vulcan Materials Company (VMC)

Return on assets (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
Net income (ttm)	US$ in thousands	933,200	825,200	725,800	604,500	575,600	594,100	593,900	601,900	670,700	647,318	670,206	684,822	584,480	611,054	626,979	614,621	617,662	600,593	564,031	526,125
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
ROA		6.42%	5.64%	5.06%	4.29%	4.04%	4.06%	4.19%	4.34%	4.90%	4.73%	5.79%	6.04%	5.00%	5.27%	5.50%	5.78%	5.80%	5.70%	5.38%	5.11%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $933,200K ÷ $14,545,700K
= 6.42%

Vulcan Materials Co's return on assets (ROA) has been on an upward trend over the past consecutive quarters. In Q4 2023, the ROA reached 6.42%, showing a significant improvement from the previous quarter's 5.64%. This suggests that the company is generating more profit relative to its total assets, indicating efficient asset utilization.

Compared to the same period in the previous year, Vulcan Materials Co has been able to consistently improve its ROA, with Q4 2023 showing a notable increase from 4.04% in Q4 2022. This demonstrates the company's ability to effectively manage its assets to generate higher returns.

Overall, the increasing trend in ROA indicates that Vulcan Materials Co is becoming more efficient in utilizing its assets to generate profits, which is a positive indicator of the company's financial performance and operational effectiveness.