Valvoline Inc (VVV)
Return on assets (ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 211,500 | 1,419,700 | 424,300 | 420,300 | 316,600 |
| Total assets | US$ in thousands | 2,438,700 | 2,889,900 | 3,416,800 | 3,191,000 | 3,051,000 |
| ROA | 8.67% | 49.13% | 12.42% | 13.17% | 10.38% |
September 30, 2024 calculation
ROA = Net income ÷ Total assets
= $211,500K ÷ $2,438,700K
= 8.67%
Valvoline Inc's return on assets (ROA) has shown fluctuations over the past five years. In 2024, the ROA dropped to 8.67% from the significantly higher ROA of 49.13% in 2023. This decline indicates a decrease in profitability relative to the assets employed by the company. However, compared to the ROA of 12.42% in 2022 and 13.17% in 2021, the 2024 ROA still remains above these levels. In 2020, the ROA was at 10.38%, indicating a slight improvement over this five-year period. Overall, the trend in Valvoline Inc's ROA suggests varying levels of efficiency in generating profits from its assets, which may reflect changes in the company's operational performance and financial strategies.
Peer comparison
Sep 30, 2024