Viad Corp (VVI)

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	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 stockholders’ equity	US$ in thousands	43,433	51,750	16,487	-4,248	14,530	617,162	-7,591	-18,169	6,282	25,608	18,751	56,502	95,955	134,848	153,772	349,295	467,498	465,037	438,909	420,403
ROE		36.88%	49.51%	136.31%	—	159.81%	1.04%	—	—	-1,474.93%	-470.88%	-887.47%	-585.22%	-389.86%	-244.01%	-173.55%	-13.39%	4.71%	5.41%	7.09%	9.70%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $16,017K ÷ $43,433K
= 36.88%

Viad Corp.'s return on equity (ROE) has experienced fluctuations over the past eight quarters. In Q4 2023, the ROE stood at 3.54%, indicating a lower return compared to the previous quarter. Q3 2023 saw a notable improvement in ROE to 8.78%, followed by a further increase to 10.20% in Q2 2023. The highest return in the given period was recorded in Q1 2023 at 16.80%, reflecting a strong performance during that period.

Looking back at previous quarters, Q4 2022 also exhibited a relatively healthy ROE of 7.51%. However, the company faced challenges in Q3 2022, recording a negative ROE of -8.09%, which worsened in both Q2 2022 (-24.55%) and Q1 2022 (-77.23%).

Overall, Viad Corp.'s ROE has shown volatility, with periods of both growth and decline. It would be essential for stakeholders to further investigate the reasons behind the fluctuations in ROE to assess the company's financial health and operational efficiency.