Valmont Industries Inc (VMI)
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 | 291,557 | 337,725 | 471,887 | 456,873 | 433,249 | 374,287 | 340,510 | 304,416 | 286,785 | 290,170 | 275,454 | 236,269 | 225,953 | 222,579 | 222,164 | 240,198 | 227,905 | 223,322 | 200,618 | 202,814 |
| Total assets | US$ in thousands | 3,477,450 | 3,486,180 | 3,615,840 | 3,604,490 | 3,557,000 | 3,621,730 | 3,674,750 | 3,581,480 | 3,447,250 | 3,411,260 | 3,404,140 | 3,008,080 | 2,953,160 | 2,923,910 | 2,831,840 | 2,757,580 | 2,807,220 | 2,725,440 | 2,711,740 | 2,645,990 |
| Operating ROA | 8.38% | 9.69% | 13.05% | 12.68% | 12.18% | 10.33% | 9.27% | 8.50% | 8.32% | 8.51% | 8.09% | 7.85% | 7.65% | 7.61% | 7.85% | 8.71% | 8.12% | 8.19% | 7.40% | 7.66% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $291,557K ÷ $3,477,450K
= 8.38%
Valmont Industries Inc's operating return on assets (operating ROA) has exhibited fluctuations over the past few quarters. The ratio ranged from 7.40% to 13.05% during the period under review. The company's performance peaked in June 2023 with an operating ROA of 13.05% and showed a generally increasing trend since the end of 2020. This indicates that the company has been effectively utilizing its assets to generate operating income.
However, it is important to note that there was a slight dip in operating ROA in the most recent quarter, ending December 2023, where it stood at 8.38%. This decline could be attributed to various factors such as changes in the company's operating efficiency, asset base, or profitability.
Overall, Valmont Industries Inc's operating ROA performance indicates a relatively stable financial position, with the company consistently generating positive returns from its assets. It would be essential to monitor future trends in operating ROA to assess the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2023