Vital Energy Inc. (VTLE)

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	695,078	531,868	864,498	832,233	631,512	729,564	528,873	133,666	145,008	-237,200	-611,464	-1,024,258	-874,173	-949,962	-977,159	-258,322	-342,459	48,835	368,514	228,584
Total assets	US$ in thousands	5,149,580	4,426,250	3,815,430	2,943,240	2,726,110	2,805,920	2,873,010	2,726,330	2,551,820	2,258,970	1,786,810	1,474,900	1,442,610	1,581,320	1,870,590	531,190	2,264,440	2,277,650	2,619,920	2,514,790
ROA		13.50%	12.02%	22.66%	28.28%	23.17%	26.00%	18.41%	4.90%	5.68%	-10.50%	-34.22%	-69.45%	-60.60%	-60.07%	-52.24%	-48.63%	-15.12%	2.14%	14.07%	9.09%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $695,078K ÷ $5,149,580K
= 13.50%

The return on assets (ROA) of Vital Energy Inc. has fluctuated significantly over the past few years. In the most recent period, as of December 31, 2023, the ROA was 13.50%, indicating that the company generated a return of 13.50 cents on every dollar of assets.

Looking at the trend over the past quarters, the ROA has shown variability. There was a notable increase in ROA from the first quarter of 2023 (4.90%) to the second quarter (18.41%) and further to the third quarter (26.00%). However, there was a significant drop in the fourth quarter of 2022 to 23.17%.

It is worth highlighting that the company experienced negative ROA figures in some periods, especially in early 2021, with ROA values of -10.50%, -34.22%, and -69.45%. These negative ROAs indicate that the company's assets were not generating returns or were generating losses during those periods.

Overall, Vital Energy Inc.'s ROA has shown variability, with periods of strong performance, as well as periods of poor performance where the company struggled to generate returns on its assets. Further analysis would be needed to understand the factors contributing to these fluctuations and to assess the company's overall financial health and efficiency.