Air Lease Corporation (AL)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 614,622 | -97,024 | 436,632 | 516,264 | 587,121 |
| Total assets | US$ in thousands | 30,452,300 | 28,396,700 | 26,968,700 | 25,215,200 | 21,709,200 |
| ROA | 2.02% | -0.34% | 1.62% | 2.05% | 2.70% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $614,622K ÷ $30,452,300K
= 2.02%
The return on assets (ROA) of Air Lease Corporation has exhibited fluctuation over the past five years.
In 2023, the ROA improved significantly to 2.02% from a negative figure of -0.34% in 2022. This indicates a positive shift in the company's ability to generate profits from its assets.
Comparing the 2023 ROA to the figures from the preceding years, we observe that it remains below the levels achieved in 2019 (2.70%) and 2020 (2.05%), indicating a slight decline in asset efficiency in 2023.
Despite this slight dip, the company's 2023 ROA of 2.02% still surpasses the figure from 2021 (1.62%), signifying a relative improvement in asset utilization.
Overall, while there has been fluctuations in Air Lease Corporation's ROA in recent years, the 2023 figure of 2.02% signals a positive trend in the company's ability to generate profits relative to its total assets.
Peer comparison
Dec 31, 2023