Viper Energy Ut (VNOM)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 359,245 | 206,150 | 235,832 | 209,481 | 200,088 | 288,357 | 288,925 | 292,284 | 386,358 | 280,582 | 218,185 | 188,883 | 57,822 | -9,262 | -26,796 | -53,155 | -192,304 | -162,394 | -153,711 | -129,715 |
| 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 |
| ROA | 7.09% | 4.90% | 6.05% | 5.22% | 5.03% | 9.17% | 9.74% | 9.68% | 13.23% | 9.40% | 7.34% | 6.29% | 1.91% | -0.37% | -1.09% | -2.18% | -7.81% | -6.24% | -5.86% | -4.84% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $359,245K ÷ $5,069,040K
= 7.09%
The return on assets (ROA) for Viper Energy Ut shows a fluctuating trend over the reported periods. The ROA was in negative territory from March 31, 2020, to December 31, 2021, indicating that the company was generating a net loss relative to its assets during these periods. However, starting from March 31, 2022, the ROA turned positive and showed a consistent improvement over the subsequent quarters, reaching its peak at 13.23% on December 31, 2022.
After hitting the highest point in December 2022, the ROA experienced a slight decline but remained relatively strong, staying above 5% up to December 31, 2024. This positive trend in ROA from March 2022 onwards signifies that the company has been able to generate higher profits relative to its assets, indicating improved asset utilization and operational efficiency.
Overall, the trend in ROA demonstrates a significant turnaround for Viper Energy Ut, transitioning from periods of losses to sustained profitability and increasing returns on its assets, showcasing potential improvements in operational performance and financial health.
Peer comparison
Dec 31, 2024