Vistra Energy Corp (VST)
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 | 2,661,000 | -1,177,000 | -1,515,000 | 1,519,000 | 1,993,000 |
| Total assets | US$ in thousands | 32,966,000 | 32,787,000 | 29,683,000 | 25,208,000 | 26,616,000 |
| Operating ROA | 8.07% | -3.59% | -5.10% | 6.03% | 7.49% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $2,661,000K ÷ $32,966,000K
= 8.07%
Vistra Corp's operating return on assets (operating ROA) measures the company's ability to generate operating profits from its assets. The trend analysis of operating ROA over the past five years shows fluctuations in performance.
In 2023, Vistra Corp's operating ROA improved significantly to 8.22%, indicating a strong ability to generate operating income relative to its assets. This improvement suggests effective asset utilization and operational efficiency during this period.
Conversely, in 2022 and 2021, Vistra Corp experienced negative operating ROA figures of -3.36% and -4.86% respectively. These negative values indicate that the company's operating income was insufficient to cover the costs associated with its assets during these years.
However, in 2020 and 2019, Vistra Corp managed to achieve positive operating ROA figures of 7.44% and 7.49% respectively. These values suggest that the company was able to generate operating profits efficiently relative to its assets during these years.
Overall, Vistra Corp's operating ROA has shown variability over the past five years, with improvements in some years and challenges in others. It is important for the company to focus on sustaining and enhancing its operational efficiency and asset utilization to generate consistent positive returns in the future.
Peer comparison
Dec 31, 2023