Gogo Inc (GOGO)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 145,678 | 92,059 | 152,735 | -250,036 | -146,004 |
| Total stockholders’ equity | US$ in thousands | 40,725 | -101,869 | -320,154 | -641,114 | -398,890 |
| ROE | 357.71% | — | — | — | — |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $145,678K ÷ $40,725K
= 357.71%
The return on equity (ROE) for Gogo Inc in the fiscal year ending December 31, 2023, is reported at an exceptionally high 357.71%. This indicates that the company generated $3.57 in net income for every $1 of shareholder equity invested in the business during that period. Please note that ROE data for previous years is not available from the provided table, making it challenging to compare the company's performance over time or against industry peers. Nevertheless, the 2023 ROE figure suggests that Gogo Inc efficiently utilized its shareholders' equity to generate substantial profits relative to its equity base. An in-depth analysis incorporating multi-year data and industry benchmarks would help provide a more comprehensive assessment of the company's financial performance and efficiency in utilizing shareholder funds.
Peer comparison
Dec 31, 2023