Vistra Energy Corp (VST)

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	1,493,000	1,431,000	1,597,000	-244,000	-1,228,000	-256,000	-917,000	484,000	-1,274,000	-2,029,000	-1,593,000	-1,463,000	636,000	899,000	569,000	759,000	928,000	508,000	725,000	477,000
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
ROA		4.53%	4.48%	5.24%	-0.78%	-3.75%	-0.73%	-2.45%	1.47%	-4.29%	-6.78%	-5.90%	-5.65%	2.52%	3.53%	2.16%	2.85%	3.49%	1.92%	2.73%	1.87%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,493,000K ÷ $32,966,000K
= 4.53%

To analyze Vistra Corp's return on assets (ROA) based on the provided data, we can observe the following trends:

1. Vistra Corp's ROA has generally been positive in recent quarters, indicating that the company has been generating profits relative to its assets.

2. The ROA fluctuated over the quarters, ranging from a low of -4.20% in Q4 2022 to a high of 4.75% in Q2 2023. This variability suggests changes in the company's profitability and asset utilization efficiency.

3. The negative ROA values in some quarters (e.g., -1.26% in Q1 2023 and -4.20% in Q4 2022) indicate that the company may have experienced challenges in generating profits from its assets during those periods.

4. The positive ROA values in most quarters (e.g., 4.07% in Q4 2023 and 4.01% in Q3 2023) suggest improved asset performance and profitability, reflecting positively on the company's operational efficiency.

Overall, Vistra Corp's fluctuating ROA trends indicate varying levels of profitability and asset management effectiveness over the analyzed periods. Further analysis of the company's financial performance and operational factors may provide additional insights into the drivers behind these ROA fluctuations.