Gogo Inc (GOGO)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 444,709 | 404,720 | 402,140 | 403,302 | 397,577 | 407,930 | 415,299 | 409,914 | 404,067 | 388,204 | 370,058 | 354,597 | 335,716 | 321,050 | 300,403 | 314,668 | 425,274 | 568,950 | 703,607 | 820,652 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 172,521 | 103,711 | 104,685 | 179,856 | 98,688 | 84,586 | 71,596 | 63,672 | 58,403 | 90,357 | 61,519 | 63,493 | 64,307 | 463,147 | 505,584 |
| Fixed asset turnover | — | — | — | — | — | 2.36 | 4.00 | 3.92 | 2.25 | 3.93 | 4.37 | 4.95 | 5.27 | 5.50 | 3.32 | 5.11 | 6.70 | 8.85 | 1.52 | 1.62 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $444,709K ÷ $—K
= —
The fixed asset turnover ratio for Gogo Inc fluctuated over the period from March 31, 2020, to March 31, 2023. The ratio started at 1.62 in March 2020, indicating that for every dollar of fixed assets, the company generated $1.62 in sales. The ratio then declined to 1.52 in June 2020 before experiencing a sharp increase to 8.85 in September 2020, which could be attributed to an increase in revenue generated relative to fixed assets.
Subsequently, the fixed asset turnover ratio decreased to 6.70 in December 2020 and continued to decline over the next few quarters, reaching its lowest point of 2.25 by December 2022. During this period, the declining trend suggests that the company's fixed assets were not generating sales as efficiently as before.
In the last quarter for which data is available (March 31, 2023), the fixed asset turnover ratio saw an improvement to 3.92, indicating a better utilization of fixed assets to generate sales. However, it is important to note that there is missing data from December 31, 2023, onwards. The trend in the ratio signifies the company's ability to generate revenue relative to its investment in fixed assets, with fluctuations highlighting changes in operational efficiency and asset utilization over time.
Peer comparison
Dec 31, 2024