Verra Mobility Corp (VRRM)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	188,814	164,705	111,866	37,816	96,455
Total assets	US$ in thousands	1,789,980	1,756,270	1,837,060	1,367,320	1,407,430
Operating ROA		10.55%	9.38%	6.09%	2.77%	6.85%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $188,814K ÷ $1,789,980K
= 10.55%

The operating return on assets (ROA) for Verra Mobility Corp has shown a positive trend over the past five years. The company's operating ROA increased from 7.27% in 2019 to 10.55% in 2023. This improvement indicates that Verra Mobility has become more efficient in generating operating income relative to its total assets.

The steady growth in operating ROA reflects the company's ability to generate more operating income for each dollar of assets employed in its operations. This could be attributed to improved operational efficiency, better utilization of assets, or effective cost management practices.

The significant increase in operating ROA from 2020 to 2023 demonstrates Verra Mobility's continued efforts to enhance profitability and optimize asset utilization. This positive trend is a favorable indicator of the company's operational performance and financial health over the past five years.