Air Lease Corporation (AL)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 985,635 | 887,060 | 1,636,131 | 2,334,813 |
| Total assets | US$ in thousands | 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 | 21,709,200 | 21,609,700 | 20,484,300 | 19,178,900 |
| Operating ROA | 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% | 4.54% | 4.10% | 7.99% | 12.17% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $567,619K ÷ $30,452,300K
= 1.86%
The operating return on assets (operating ROA) of Air Lease Corporation has fluctuated over the past few quarters.
In the most recent quarter, as of December 31, 2023, the operating ROA stood at 1.86%, indicating that the company generated 1.86 cents of operating profit for every dollar of assets it had. This showed an improvement from the previous quarter's 0.97%.
However, looking back over the past year, the operating ROA has been volatile, with negative performances in the last two quarters of 2022, rebounding to positive figures in early 2023, and reaching its peak at 7.99% in the third quarter of 2019.
The negative operating ROA figures in the later part of 2022 could raise some concerns about the company's operational efficiency and profitability during that period. It's worth noting that the positive trend in the most recent quarters signifies some recovery and improved performance.
Overall, the analysis of Air Lease Corporation's operating ROA suggests a mix of challenges and improvements, highlighting the importance of monitoring the company's asset management and operational effectiveness closely.
Peer comparison
Dec 31, 2023