Viad Corp (VVI)
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 | 108,402 | 138,452 | -267,690 | -257,951 | -343,625 | 108,709 | 340,912 | -22,797 | -201,518 | 94,425 | -132,042 | -146,264 | -116,240 | -74,732 | -13,180 | 82,325 | 79,445 | 83,340 | 84,007 | 76,950 |
| Total assets | US$ in thousands | 1,137,320 | 1,200,540 | 1,152,770 | 1,104,280 | 1,090,350 | 39,646 | 1,141,160 | 1,059,550 | 1,037,630 | 1,057,560 | 944,476 | 904,655 | 853,224 | 869,092 | 998,464 | 1,247,460 | 1,318,690 | 1,286,370 | 1,222,180 | 1,044,610 |
| Operating ROA | 9.53% | 11.53% | -23.22% | -23.36% | -31.52% | 274.20% | 29.87% | -2.15% | -19.42% | 8.93% | -13.98% | -16.17% | -13.62% | -8.60% | -1.32% | 6.60% | 6.02% | 6.48% | 6.87% | 7.37% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $108,402K ÷ $1,137,320K
= 9.53%
Viad Corp.'s operating return on assets (ROA) has displayed fluctuating performance over the past eight quarters. The trend indicates an improvement in operating efficiency over time, with the operating ROA increasing from -4.25% in Q1 2022 to 8.31% in Q4 2023. This suggests the company has been able to generate more operating income relative to its assets as time has progressed.
The highest operating ROA was observed in Q4 2023 at 8.31%, indicating a strong performance in utilizing its assets to generate profit. Conversely, the lowest operating ROA of -4.25% in Q1 2022 implies a period of operational inefficiency where the company was not effectively utilizing its assets to generate profits.
Overall, the increasing trend in Viad Corp.'s operating ROA signifies a positive trajectory in operational efficiency and profitability over the quarters analyzed. However, it is essential to assess other financial indicators and market conditions to gain a comprehensive understanding of the company's financial health and performance.
Peer comparison
Dec 31, 2023