Venture Global(Vg) Financials: Return On Assets Compared To Industry Average, Plus Other Key Ratios
Profitability Trend (Last 5 Years)
Profitability - return on assets
This chart shows the historical trend of return on assets for VG compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Return on Assets (ROA)
Definition: ROA shows how efficiently the company turns everything it owns — its entire asset base — into net profit after all costs and taxes. A higher ROA means the business squeezes more profit from its assets. Lower ROA might reflect poor asset utilization or heavy reliance on expensive financing.
Interpretation:
• In '2022', VG's return on assets was 12.3%, representing returns generated from total assets. Industry average for Oil/Gas Transmission in '2022' stood at -4.8%.
• In '2023', VG's return on assets was 12.3%, representing returns generated from total assets. The figure remained stable compared to '2022'. Industry average for Oil/Gas Transmission in '2023' stood at 5.8%. Industry average increased by 10.6% compared to previous year.
• In '2024', VG's return on assets was 4.3%, representing returns generated from total assets. The decline from '2023' may indicate some operational or financial challenges. Industry average for Oil/Gas Transmission in '2024' stood at 4.1%. Industry average declined by 1.7% from previous year.
Overall, VG's return on assets has been volatile but showed a downward trend over the past 3 years.
Formula: ROA = Net Income / Total Assets
Good Range: Commonly 5%-15%.