Verra Mobility Corp (VRRM)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	57,015	92,475	41,449	-4,578	17,076
Total assets	US$ in thousands	1,789,980	1,756,270	1,837,060	1,367,320	1,407,430
ROA		3.19%	5.27%	2.26%	-0.33%	1.21%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $57,015K ÷ $1,789,980K
= 3.19%

Verra Mobility Corp's return on assets (ROA) has fluctuated over the past five years, ranging from -0.33% in 2020 to 5.27% in 2022.

In 2020, the company experienced a negative ROA, indicating that it generated a loss on its assets. However, in subsequent years, Verra Mobility Corp managed to improve its performance, with ROA increasing to 2.26% in 2021, 5.27% in 2022, and then slightly decreasing to 3.19% in 2023.

The positive ROA figures in recent years suggest that the company has been more effective in generating profits relative to its assets, showing a favorable trend in utilizing its assets efficiently to generate earnings.

Overall, Verra Mobility Corp's ROA has shown variability but has generally trended positively in the past few years, indicating improved asset utilization and profitability. However, further analysis and comparison with industry benchmarks may provide additional insights into the company's operational efficiency and financial performance.