Air Lease Corporation (AL)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 567,619 | -1,067,100 | 415,737 | 550,994 | 612,032 |
| Total assets | US$ in thousands | 30,452,300 | 28,396,700 | 26,968,700 | 25,215,200 | 21,709,200 |
| Operating ROA | 1.86% | -3.76% | 1.54% | 2.19% | 2.82% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $567,619K ÷ $30,452,300K
= 1.86%
Air Lease Corporation's operating return on assets (ROA) has varied over the past five years. In 2023, the operating ROA improved to 1.86% from a negative figure in 2022 (-3.76%). This indicates a positive turnaround in the company's operating efficiency and profitability. However, compared to the levels of 2019 and 2020 where the operating ROA was higher at 2.82% and 2.19% respectively, there is still room for further improvement.
Overall, Air Lease Corporation's operating ROA shows some volatility, with fluctuations in performance over the years. The company may need to focus on enhancing its operational effectiveness and asset utilization to sustain and improve its profitability levels in the future.
Peer comparison
Dec 31, 2023