Viad Corp (VVI)

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	16,017	25,624	22,474	31,352	23,220	6,415	-16,639	-78,504	-92,655	-120,584	-166,409	-330,661	-374,094	-329,049	-266,875	-46,773	22,035	25,141	31,114	40,780
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
ROA		1.41%	2.13%	1.95%	2.84%	2.13%	16.18%	-1.46%	-7.41%	-8.93%	-11.40%	-17.62%	-36.55%	-43.84%	-37.86%	-26.73%	-3.75%	1.67%	1.95%	2.55%	3.90%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $16,017K ÷ $1,137,320K
= 1.41%

Return on assets (ROA) measures a company's ability to generate profit from its assets. Viad Corp.'s ROA has fluctuated over the past eight quarters. In Q4 2023, the ROA stood at 0.55%, indicating that the company generated $0.0055 in profit for every dollar of assets. This represents a decrease from the previous quarter's ROA of 1.35%. Despite the recent decline, the ROA has shown improvement compared to the negative ROA of Q2 and Q3 2022. Overall, Viad Corp.'s recent ROA performance suggests a varying ability to efficiently utilize its assets to generate profits, reflecting potential challenges or improvements in operational efficiency.