Gogo Inc (GOGO)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 388,512 | 410,184 | 416,797 | 411,670 | 386,744 | 358,503 | 338,195 | 316,166 | 274,727 | 260,061 | 219,158 | 218,483 | 324,857 | 468,533 | 603,649 | 657,862 | 678,320 | 674,234 | 690,306 | 767,550 |
| Total assets | US$ in thousands | 781,539 | 767,288 | 745,513 | 759,238 | 759,526 | 728,639 | 723,566 | 685,275 | 647,687 | 443,205 | 352,036 | 687,732 | 673,588 | 984,455 | 1,064,820 | 1,191,470 | 1,214,700 | 1,280,370 | 1,282,150 | 1,296,810 |
| Total asset turnover | 0.50 | 0.53 | 0.56 | 0.54 | 0.51 | 0.49 | 0.47 | 0.46 | 0.42 | 0.59 | 0.62 | 0.32 | 0.48 | 0.48 | 0.57 | 0.55 | 0.56 | 0.53 | 0.54 | 0.59 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $388,512K ÷ $781,539K
= 0.50
The total asset turnover for Gogo Inc has shown a relatively stable trend in recent quarters, ranging from 0.51 to 0.56. This ratio indicates how efficiently the company is utilizing its assets to generate revenue. A total asset turnover of less than 1 suggests that Gogo Inc is generating less revenue relative to its total assets, which may be due to underutilization or inefficiency in asset management. While the slight fluctuations in the ratio do not indicate any drastic changes in asset efficiency, Gogo Inc may benefit from further improving its asset utilization to enhance revenue generation. Monitoring and possibly improving the total asset turnover ratio could help the company optimize its asset management strategy and improve overall financial performance.
Peer comparison
Dec 31, 2023