Gogo Inc (GOGO)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 444,709 | 397,577 | 404,067 | 335,716 | 269,718 |
| Total assets | US$ in thousands | 1,229,230 | 781,539 | 759,526 | 647,687 | 673,588 |
| Total asset turnover | 0.36 | 0.51 | 0.53 | 0.52 | 0.40 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $444,709K ÷ $1,229,230K
= 0.36
Total Asset Turnover measures how efficiently a company is utilizing its total assets to generate revenue. For Gogo Inc, the trend shows an increase from 0.40 in December 2020 to 0.52 in December 2021, further improving to 0.53 by December 2022. However, there was a slight decline to 0.51 in December 2023, followed by a significant drop to 0.36 in December 2024.
The increase in total asset turnover from 2020 to 2022 indicates that the company was able to generate more revenue relative to its total assets during these years. The subsequent decrease in 2023 and 2024 may suggest challenges in efficiently utilizing assets to generate revenue. Further analysis of the company's operations and asset management strategies would be needed to understand the factors driving these fluctuations in total asset turnover.
Peer comparison
Dec 31, 2024