Gogo Inc (GOGO)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 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 | -398,890 | -382,829 | -363,607 | -283,974 |
| ROE | 357.71% | 473.68% | 1,716.72% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $145,678K ÷ $40,725K
= 357.71%
Based on the provided data, Gogo Inc's return on equity (ROE) has shown significant fluctuations over the past quarters. In Q4 2023, the ROE was reported at an impressive 357.71%, indicating that the company generated $3.57 in profit for every dollar of shareholders' equity. This was followed by a substantial increase to 473.68% in Q3 2023, highlighting strong profitability and efficiency in the use of equity.
However, in Q2 2023, the ROE surged to an exceptional 1,716.72%, which suggests a remarkable performance in generating profits relative to shareholders' equity during that period. The absence of ROE data for Q1 2023 prevents a comprehensive analysis of the company's performance.
Overall, the fluctuating ROE figures indicate varying profitability levels for Gogo Inc, with extraordinary performance in recent quarters. It is essential for investors and analysts to monitor future ROE trends to assess the company's ability to generate value from shareholders' equity effectively.
Peer comparison
Dec 31, 2023