Gogo Inc (GOGO)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 69,324 | 40,725 | -101,869 | -320,154 | -641,114 |
| ROE | 19.83% | 357.71% | — | — | — |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $13,746K ÷ $69,324K
= 19.83%
Based on the provided data for Gogo Inc, the return on equity (ROE) was not available for the years 2020 and 2021. However, for the year ending December 31, 2022, there is again no reported data.
In December 2023, Gogo Inc achieved a notable ROE of 357.71%, indicating that the company generated a significant amount of profit relative to its shareholders' equity.
Following this exceptional performance, the ROE dropped to 19.83% by the end of December 2024. While this figure is lower than the previous year, it still suggests that Gogo Inc was able to generate a reasonable return on equity for its shareholders in 2024.
Overall, the fluctuation in Gogo Inc's ROE over the years indicates varying levels of profitability and efficiency in utilizing shareholders' equity to generate earnings. It would be important to further analyze the company's financial performance and strategies to understand the factors contributing to these changes in return on equity.
Peer comparison
Dec 31, 2024