Air Lease Corporation (AL)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 7,160,040 | 6,961,050 | 6,852,650 | 6,744,590 | 6,646,360 | 6,528,430 | 6,439,630 | 6,369,580 | 7,008,570 | 6,583,780 | 6,501,720 | 6,428,210 | 6,072,340 | 5,977,320 | 5,869,800 | 5,736,370 | 5,623,540 | 5,462,170 | 5,299,880 | 5,173,820 |
| ROE | 8.58% | 7.74% | 7.54% | 7.42% | -1.46% | -1.39% | -1.45% | -1.83% | 6.23% | 6.01% | 6.29% | 7.21% | 8.50% | 9.54% | 10.32% | 10.22% | 10.44% | 10.26% | 10.40% | 10.40% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $614,622K ÷ $7,160,040K
= 8.58%
The return on equity (ROE) of Air Lease Corporation has exhibited fluctuations over the past few quarters. ROE is a financial metric that measures a company's profitability by evaluating how effectively it generates profits from shareholders' equity.
The ROE for Air Lease Corporation stood at 8.58% as of December 31, 2023, indicating that the company generated a profit of $8.58 for every $100 of shareholders' equity. This figure has shown a gradual increase from the previous quarters, showcasing a positive trend in profitability.
The positive ROE figures observed in recent quarters suggest that the company has been efficiently utilizing its shareholders' equity to generate profits. However, it is important to note that the ROE figures for the first two quarters of 2022 were negative, indicating a period of unprofitability or inefficiency in generating returns for shareholders during that time.
Overall, the recent positive ROE trends for Air Lease Corporation reflect its ability to generate profits relative to shareholders' equity, which is a positive indicator for investors and stakeholders. Monitoring ROE over time can provide valuable insights into the company's financial performance and efficiency in utilizing equity capital.
Peer comparison
Dec 31, 2023