Viad Corp (VVI)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 16,017 | 23,220 | -92,655 | -374,094 | 22,035 |
| Total assets | US$ in thousands | 1,137,320 | 1,090,350 | 1,037,630 | 853,224 | 1,318,690 |
| ROA | 1.41% | 2.13% | -8.93% | -43.84% | 1.67% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $16,017K ÷ $1,137,320K
= 1.41%
Viad Corp.'s Return on Assets (ROA) has fluctuated significantly over the past five years. In 2023, the ROA stands at 0.55%, a decrease from 1.01% in 2022. The positive ROA in 2023 indicates that the company generated a profit of 0.55 cents for every dollar of assets it controls.
However, the ROA had been negative in 2021 and 2020, at -9.85% and -44.31% respectively, suggesting that the company experienced losses during those years in proportion to its asset base. This trend may raise concerns about the company's operational efficiency and profitability during those periods.
The ROA rebounded to a positive 1.56% in 2019, demonstrating the capability of the company to generate profits relative to its assets that year. Overall, the fluctuating trend in Viad Corp.'s ROA indicates varying levels of asset utilization and profitability over the years, reflecting the company's performance in managing its assets to generate earnings. It is important for the company to monitor and improve its ROA to ensure sustainable profitability and efficient asset management in the future.
Peer comparison
Dec 31, 2023