Valmont Industries Inc (VMI)
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 | 148,654 | 153,025 | 274,165 | 260,897 | 250,863 | 237,387 | 216,925 | 202,927 | 195,630 | 344,167 | 331,859 | 292,356 | 280,271 | 257,658 | 258,460 | 277,250 | 270,802 | 256,050 | 220,354 | 211,917 |
| 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 |
| ROA | 4.27% | 4.39% | 7.58% | 7.24% | 7.05% | 6.55% | 5.90% | 5.67% | 5.67% | 10.09% | 9.75% | 9.72% | 9.49% | 8.81% | 9.13% | 10.05% | 9.65% | 9.39% | 8.13% | 8.01% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $148,654K ÷ $3,477,450K
= 4.27%
To analyze Valmont Industries Inc's return on assets (ROA) over the provided periods, we observe fluctuations in the ratio. ROA indicates the company's efficiency in generating profits from its assets.
From December 2019 to December 2023, Valmont's ROA ranged from 4.27% to 10.09%. The ROA peaked at 10.09% in September 2021 and March 2021, reflecting strong profitability relative to its assets. Conversely, the lowest ROA of 4.27% was recorded in December 2019, indicating a lower return on assets.
Overall, Valmont's ROA has shown variability but generally trended upward, surpassing 7% consistently from March 2022 to September 2023. This suggests improved efficiency in asset utilization and profitability over time.
Investors and stakeholders may find the upward trend in Valmont's ROA positive, indicating the company's ability to generate higher returns relative to its asset base. However, it is important to conduct further analysis to understand the factors driving these fluctuations in ROA and the sustainability of this performance.
Peer comparison
Dec 31, 2023