Gogo Inc (GOGO)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | -146,004 | -183,341 | -198,167 | -151,411 |
| 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 |
| ROA | 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% | -12.02% | -14.32% | -15.46% | -11.68% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $145,678K ÷ $781,539K
= 18.64%
The return on assets (ROA) for Gogo Inc has displayed fluctuations over the past eight quarters. In Q4 2023, the ROA stood at 18.64%, followed by 20.71% in Q3 2023 and 21.21% in Q2 2023, showing a positive trend in profitability during this period. However, the ROA dropped to 11.90% in Q1 2023, indicating a decrease in asset efficiency during that quarter.
Comparing year-over-year performance, there was a decline in ROA from Q4 2022 (12.12%) to Q1 2023 (11.90%). In the prior year, Q4 2022 had a lower ROA compared to Q3 2022, where the ratio was at 38.85%. Q2 2022 and Q1 2022 also exhibited strong ROA figures of 37.85% and 26.65%, respectively.
Overall, the ROA of Gogo Inc has shown variability over the past eight quarters, with some quarters performing exceptionally well and others displaying a decline in asset efficiency. This trend indicates the company's fluctuating ability to generate profits relative to its total assets during the specified period.
Peer comparison
Dec 31, 2023