Viper Energy Ut (VNOM)

Operating return on assets (Operating ROA)

		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	Dec 31, 2019
Operating income (ttm)	US$ in thousands	566,058	673,284	636,825	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	193,540
Total assets	US$ in thousands	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	2,785,630
Operating ROA		13.46%	17.26%	15.87%	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%	6.95%

September 30, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $566,058K ÷ $4,206,010K
= 13.46%

The operating return on assets (operating ROA) for Viper Energy Ut has exhibited variability over the provided time period. The operating ROA has ranged from a low of 2.15% in December 2020 to a high of 23.30% in December 2022.

Overall, the trend in operating ROA shows an increase from 2.15% in December 2020 to 17.26% in June 2024, indicating improved operational efficiency and management effectiveness in generating earnings from its assets.

It is essential for investors and stakeholders to monitor the consistency and sustainability of this trend in operating ROA to assess the company's ability to efficiently generate profits relative to its asset base.