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.
Peer comparison
Dec 31, 2023