Air Lease Corporation (AL)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 614,622 | 538,881 | 516,812 | 500,688 | -97,025 | -90,554 | -93,598 | -116,453 | 436,632 | 395,944 | 409,002 | 463,205 | 516,264 | 570,106 | 605,498 | 586,178 | 587,121 | 560,585 | 551,372 | 538,278 |
| 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 |
| ROA | 2.02% | 1.82% | 1.74% | 1.71% | -0.34% | -0.32% | -0.34% | -0.43% | 1.62% | 1.47% | 1.59% | 1.84% | 2.05% | 2.42% | 2.63% | 2.58% | 2.70% | 2.59% | 2.69% | 2.81% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $614,622K ÷ $30,452,300K
= 2.02%
Air Lease Corporation's return on assets (ROA) has exhibited fluctuations in recent periods. The ROA ranged from -0.43% to 2.70% over the past five quarters. The trend shows a gradual improvement in ROA since the negative figure reported in the first quarter of 2022. This suggests that the company has been effectively utilizing its assets to generate profits.
The highest ROA of 2.70% was recorded in the second quarter of 2020, indicating efficient asset management leading to higher profitability. However, the ROA declined slightly in the later periods but remained positive, reflecting the company's ability to generate profits relative to its total assets.
Overall, Air Lease Corporation's ROA performance indicates a positive trend in recent quarters, suggesting that the company is effectively utilizing its assets to generate returns for its stakeholders.
Peer comparison
Dec 31, 2023