Vistra Energy Corp (VST)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	2,658,000	2,458,000	2,518,000	244,000	-1,175,000	-191,000	-966,000	779,000	-1,516,000	-2,326,000	-1,769,000	-1,454,000	1,520,000	1,778,000	1,542,000	1,894,000	1,993,000	1,663,000	1,873,000	1,375,000
Total assets	US$ in thousands	32,966,000	31,945,000	30,472,000	31,117,000	32,787,000	35,175,000	37,468,000	32,833,000	29,683,000	29,932,000	27,015,000	25,886,000	25,208,000	25,499,000	26,307,000	26,669,000	26,616,000	26,443,000	26,520,000	25,568,000
Operating ROA		8.06%	7.69%	8.26%	0.78%	-3.58%	-0.54%	-2.58%	2.37%	-5.11%	-7.77%	-6.55%	-5.62%	6.03%	6.97%	5.86%	7.10%	7.49%	6.29%	7.06%	5.38%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $2,658,000K ÷ $32,966,000K
= 8.06%

Vistra Corp's operating return on assets (ROA) has exhibited fluctuations over the past eight quarters. The operating ROA began to improve in Q1 2022 at 2.59%, showing a positive trend until Q3 2022 when it reached -0.45%. However, in Q4 2022, the operating ROA decreased significantly to -3.36%.

The company's performance improved in the following quarters, with notable increases in Q2 2023 and Q4 2023, reaching 8.66% and 8.22% respectively. Q3 2023 also demonstrated a strong operating ROA of 8.07%. However, it is worth noting that in Q1 2023, the operating ROA dropped to 1.17%.

Overall, Vistra Corp's operating ROA has shown significant volatility, with both positive and negative trends over the period analyzed. The company seems to have made efforts to improve its operational efficiency and profitability, as evidenced by the recent positive performance in the operating ROA.