Gogo Inc (GOGO)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 13,746 | 56,426 | 66,709 | 155,719 | 145,678 | 158,881 | 158,144 | 90,312 | 92,059 | 283,098 | 273,881 | 182,616 | 152,735 | -65,129 | -156,212 | -172,943 | -250,036 | -273,232 | -215,999 | -213,983 |
| 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 |
| ROA | 1.12% | 6.96% | 8.31% | 19.25% | 18.64% | 20.71% | 21.21% | 11.90% | 12.12% | 38.85% | 37.85% | 26.65% | 23.58% | -14.70% | -44.37% | -25.15% | -37.12% | -27.75% | -20.29% | -17.96% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $13,746K ÷ $1,229,230K
= 1.12%
The return on assets (ROA) of Gogo Inc has shown varying trends over the periods provided. The ROA started at negative percentages in early 2020, indicating the company was not effectively utilizing its assets to generate profits. However, there was a significant improvement in ROA starting from December 2021, reaching positive values. This suggests that the company became more efficient in generating profits from its assets.
The upward trend continued in the following periods, with ROA peaking around mid-2022 to late 2022. This indicates that Gogo Inc was able to significantly enhance its profitability relative to its asset base during this period.
Subsequently, there was a slight decline in ROA in the latter part of 2024, but the values remained positive, indicating the company's continued ability to generate profits from its assets.
Overall, the positive ROA values since late 2021 suggest that Gogo Inc has been effectively utilizing its assets to generate profits and improve its financial performance. However, it is essential for the company to sustain or improve these positive ROA values to ensure long-term profitability and efficiency in asset management.
Peer comparison
Dec 31, 2024