Vistra Energy Corp (VST)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	5,307,000	5,506,000	5,359,000	5,201,000	4,902,000	5,582,000	5,392,000	7,300,000	8,291,000	6,036,000	6,076,000	6,100,000	8,371,000	8,444,000	8,056,000	7,936,000	7,959,000	7,792,000	7,904,000	7,804,000
ROE		28.13%	25.99%	29.80%	-4.69%	-25.05%	-4.59%	-17.01%	6.63%	-15.37%	-33.61%	-26.22%	-23.98%	7.60%	10.65%	7.06%	9.56%	11.66%	6.52%	9.17%	6.11%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,493,000K ÷ $5,307,000K
= 28.13%

Vistra Corp's Return on Equity (ROE) has varied significantly over the past eight quarters. In Q4 2023, the ROE stood at 25.31%, showing a positive trend from the previous quarter's 23.28%. This indicates that the company generated a strong return for its shareholders in the latest quarter.

However, looking back to Q1 2023, Vistra Corp experienced a sharp decline in ROE to -7.56%, suggesting that the company's profitability and efficiency in generating returns for equity holders were considerably impacted during that period.

Comparing the most recent ROE figure to Q4 2022's -28.09%, there has been a significant improvement in the company's performance and ability to generate profit relative to its equity base. Despite the variability in ROE figures over the past two years, it is essential for stakeholders to monitor the trend over time to assess Vistra Corp's ability to efficiently utilize its equity to generate returns.