Gogo Inc (GOGO)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 13,746 | 145,678 | 92,059 | 152,735 | -48,559 |
| Total assets | US$ in thousands | 1,229,230 | 781,539 | 759,526 | 647,687 | 673,588 |
| ROA | 1.12% | 18.64% | 12.12% | 23.58% | -7.21% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $13,746K ÷ $1,229,230K
= 1.12%
The return on assets (ROA) for Gogo Inc has shown fluctuating trends over the years based on the data provided.
1. As of December 31, 2020, Gogo Inc had a negative ROA of -7.21%, indicating that the company generated a negative return on its assets.
2. By December 31, 2021, the ROA significantly improved to 23.58%, suggesting a strong increase in the company's ability to generate profits from its assets.
3. However, the ROA dipped to 12.12% by December 31, 2022, indicating a decrease in the company's efficiency in utilizing its assets to generate profits compared to the previous year.
4. The following year, on December 31, 2023, the ROA improved to 18.64%, showing a recovery in the company's ability to generate returns from its assets.
5. Lastly, as of December 31, 2024, the ROA dropped to 1.12%, signaling a significant decrease in the company's profitability in relation to its asset base.
In summary, Gogo Inc's ROA has been volatile, with notable fluctuations in profitability relative to its asset base over the years analyzed. Monitoring and analyzing this metric going forward will be crucial for stakeholders in assessing the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024