Air Lease Corporation (AL)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 347,323 | 472,309 | 508,743 | 544,553 | 567,619 | 289,219 | 265,092 | 253,393 | -1,294,089 | -1,084,506 | -1,079,164 | -1,097,709 | 415,736 | 757,055 | 786,608 | 856,082 | 922,817 | 982,271 | 1,008,327 | 983,743 |
| Total assets | US$ in thousands | 32,277,900 | 32,153,800 | 31,018,400 | 30,912,400 | 30,452,300 | 29,672,200 | 29,757,800 | 29,363,100 | 28,396,700 | 28,224,000 | 27,646,500 | 26,874,800 | 26,968,700 | 27,014,600 | 25,755,500 | 25,189,400 | 25,215,200 | 23,604,800 | 22,993,700 | 22,682,300 |
| Operating ROA | 1.08% | 1.47% | 1.64% | 1.76% | 1.86% | 0.97% | 0.89% | 0.86% | -4.56% | -3.84% | -3.90% | -4.08% | 1.54% | 2.80% | 3.05% | 3.40% | 3.66% | 4.16% | 4.39% | 4.34% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $347,323K ÷ $32,277,900K
= 1.08%
Air Lease Corporation's operating return on assets (operating ROA) has shown fluctuations over the period from March 2020 to December 2024. The operating ROA started at 4.34% in March 2020 and generally maintained a relatively stable range above 3% until the end of 2021. However, there was a noticeable decline in operating ROA to 1.54% by December 2021.
Subsequently, the operating ROA continued to decrease significantly, reaching negative values in the first half of 2022, indicating operating losses relative to assets. However, there was a slight recovery by the end of 2023, with the operating ROA returning to positive territory at 1.86%.
Overall, the trend in operating ROA suggests that Air Lease Corporation faced challenges in generating operating income relative to its assets in the mid-2020s but managed to improve the ratio towards the end of the period. Further analysis and investigation into the company's operational performance and asset utilization may provide valuable insights into the factors influencing these fluctuations.
Peer comparison
Dec 31, 2024