Viper Energy Ut (VNOM)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	564,850	564,511	671,737	636,500	620,219	636,200	566,786	644,133	680,482	647,706	566,604	457,021	361,572	206,637	145,661	70,897	52,914	139,044	154,297	198,773
Total assets	US$ in thousands	5,069,040	4,206,010	3,900,420	4,012,570	3,974,090	3,143,370	2,967,040	3,019,740	2,920,370	2,985,760	2,971,980	3,001,080	3,034,020	2,482,470	2,450,160	2,441,800	2,461,380	2,600,700	2,624,270	2,679,480
Operating ROA		11.14%	13.42%	17.22%	15.86%	15.61%	20.24%	19.10%	21.33%	23.30%	21.69%	19.06%	15.23%	11.92%	8.32%	5.94%	2.90%	2.15%	5.35%	5.88%	7.42%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $564,850K ÷ $5,069,040K
= 11.14%

The operating return on assets (ROA) for Viper Energy Ut has shown fluctuations over the period under review. Starting at 7.42% as of March 31, 2020, the operating ROA decreased to 2.15% by December 31, 2020. The trend reversed in the following quarters, with a gradual increase to 23.30% by December 31, 2022, showcasing a significant improvement in operational efficiency.

However, there was a decline in the operating ROA in the subsequent periods, reaching 11.14% by December 31, 2024. The average operating ROA during this period was approximately 12.24%, indicating that Viper Energy Ut generated around 12.24 cents of operating profit for each dollar of assets employed in its operations.

The peak operating ROA of 23.30% on December 31, 2022, suggests optimal asset utilization and operational performance. Investors and stakeholders may closely monitor Viper Energy Ut's future operating ROA trends to assess the company's ability to generate profits from its assets in the long run.