Gogo Inc (GOGO)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 124,165 | 137,984 | 141,010 | 139,305 | 142,326 | 135,958 | 130,529 | 127,795 | 120,626 | 103,995 | 95,302 | 82,814 | 76,351 | 90,095 | 94,928 | 94,682 | 96,532 | 57,401 | 22,738 | -1,583 |
| 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 |
| Operating ROA | 15.89% | 17.98% | 18.91% | 18.35% | 18.74% | 18.66% | 18.04% | 18.65% | 18.62% | 23.46% | 27.07% | 12.04% | 11.33% | 9.15% | 8.91% | 7.95% | 7.95% | 4.48% | 1.77% | -0.12% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $124,165K ÷ $781,539K
= 15.89%
To analyze Gogo Inc's operating return on assets (operating ROA) based on the provided data, we can observe a consistent trend of the operating ROA over the past eight quarters. The operating ROA has been relatively stable, ranging between 15.89% to 18.91%.
The slight fluctuations in the operating ROA indicate that the company is efficiently utilizing its assets to generate operating income. The higher operating ROA values, such as 18.91% in Q2 2023, suggest that Gogo Inc is effectively generating operating profits relative to its assets during those periods.
Overall, the consistent performance of Gogo Inc in maintaining a relatively stable and healthy operating ROA reflects its operational efficiency and ability to generate earnings from its asset base. This trend provides insights into the company's operational effectiveness and financial performance over the analyzed quarters.
Peer comparison
Dec 31, 2023