Gogo Inc (GOGO)
Total 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 |
| Total assets | US$ in thousands | 1,229,230 | 810,737 | 802,677 | 808,953 | 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 |
| Total asset turnover | 0.36 | 0.50 | 0.50 | 0.50 | 0.51 | 0.53 | 0.56 | 0.54 | 0.53 | 0.53 | 0.51 | 0.52 | 0.52 | 0.72 | 0.85 | 0.46 | 0.63 | 0.58 | 0.66 | 0.69 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $444,709K ÷ $1,229,230K
= 0.36
Total asset turnover is a financial ratio that measures a company's ability to generate sales from its assets. A higher total asset turnover indicates that the company is more efficient in utilizing its assets to generate revenue.
Based on the data provided for Gogo Inc, the total asset turnover fluctuated over the period from March 31, 2020, to December 31, 2024. The ratio ranged from a low of 0.36 in December 31, 2024, to a high of 0.85 in June 30, 2021.
The trend in total asset turnover for Gogo Inc shows some variability, with fluctuations observed throughout the period. In general, a total asset turnover ratio below 1 may indicate that the company is less efficient in generating sales from its assets. It is essential for the company to monitor and improve this ratio over time to ensure optimal utilization of its assets.
Peer comparison
Dec 31, 2024