Gogo Inc (GOGO)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 69,324 | 52,724 | 52,011 | 62,439 | 40,725 | 33,542 | 9,212 | -88,143 | -101,869 | -128,288 | -145,626 | -281,040 | -320,154 | -560,237 | -577,282 | -631,503 | -641,114 | -647,194 | -569,017 | -486,606 |
| ROE | 19.83% | 107.02% | 128.26% | 249.39% | 357.71% | 473.68% | 1,716.72% | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $13,746K ÷ $69,324K
= 19.83%
Based on the provided data, Gogo Inc's return on equity (ROE) has shown a significant improvement over the past few quarters. The ROE stood at 1,716.72% for the quarter ending June 30, 2023, demonstrating a substantial return to the company's equity holders. The ROE then decreased to 473.68% for the quarter ending September 30, 2023, still indicating a strong performance.
For the following quarters, the return on equity continued to show positive values, although at a decreasing trend. The ROE for the quarter ending December 31, 2023, was 357.71%, followed by 249.39% for March 31, 2024, and 128.26% for June 30, 2024. Even with the decreasing trend, the company's ROE remained at a relatively high level, showcasing efficient utilization of shareholder equity to generate profits.
However, there was a notable drop in ROE for the quarter ending December 31, 2024, where it declined to 19.83%. This could indicate a potential decrease in the company's profitability or the impact of changes in the company's capital structure.
In conclusion, Gogo Inc has shown a fluctuating yet overall positive trend in return on equity over the quarters, reflecting the company's ability to generate profits from shareholder investments. Analyzing the reasons behind these fluctuations could provide insights into the company's financial performance and strategic decisions.
Peer comparison
Dec 31, 2024