Verra Mobility Corp (VRRM)

Return on assets (ROA)

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	57,015	82,211	76,479	87,012	92,475	83,323	86,053	60,404	41,449	8,301	-7,919	-35,633	-4,578	19,951	26,617	53,930	25,810	-22,591	-33,830	-42,216
Total assets	US$ in thousands	1,789,980	1,756,080	1,906,160	1,710,890	1,756,270	1,718,330	1,779,860	1,824,480	1,837,060	1,481,920	1,559,190	1,497,210	1,367,320	1,371,970	1,355,120	1,374,130	1,407,430	1,375,860	1,346,450	1,365,610
ROA		3.19%	4.68%	4.01%	5.09%	5.27%	4.85%	4.83%	3.31%	2.26%	0.56%	-0.51%	-2.38%	-0.33%	1.45%	1.96%	3.92%	1.83%	-1.64%	-2.51%	-3.09%

December 31, 2023 calculation

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

The return on assets (ROA) of Verra Mobility Corp has shown fluctuating performance over the past eight quarters. ROA measures the company's ability to generate profits from its total assets. In Q4 2023, Verra Mobility Corp's ROA was 3.19%, which decreased from the previous quarter but was lower than the ROA seen in the same quarter in the previous year.

The trend in the ROA over the past quarters indicates some variability in the company's efficiency in generating profits from its assets. The highest ROA was observed in Q1 2023 at 5.09%, while the lowest was in Q4 2022 at 3.31%. Overall, the company's ROA has been relatively stable, hovering between 3% to 5% in most quarters.

It is important for Verra Mobility Corp to continually monitor and improve its ROA, as a higher ROA indicates better profitability relative to its total assets. Further analysis, in conjunction with other financial metrics, would provide a more comprehensive understanding of the company's financial performance and efficiency in utilizing its assets to generate profits.