Iridium Communications Inc (IRDM)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 830,682 | 808,198 | 784,915 | 784,230 | 790,723 | 765,535 | 769,021 | 754,775 | 721,034 | 694,988 | 672,226 | 644,376 | 614,500 | 562,328 | 564,734 | 567,318 | 583,439 | 575,806 | 569,119 | 572,046 |
| Total assets | US$ in thousands | 2,671,470 | 2,751,190 | 2,717,660 | 2,735,960 | 2,661,780 | 2,705,710 | 2,780,470 | 2,871,650 | 2,954,010 | 3,062,590 | 3,076,780 | 3,077,130 | 3,180,800 | 3,205,970 | 3,201,090 | 3,266,560 | 3,360,950 | 3,365,520 | 3,373,850 | 3,391,070 |
| Total asset turnover | 0.31 | 0.29 | 0.29 | 0.29 | 0.30 | 0.28 | 0.28 | 0.26 | 0.24 | 0.23 | 0.22 | 0.21 | 0.19 | 0.18 | 0.18 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $830,682K ÷ $2,671,470K
= 0.31
Based on the data provided, Iridium Communications Inc's total asset turnover has shown a consistent increase over the past few years. The total asset turnover ratio measures the efficiency of the company in generating revenue from its assets.
Iridium Communications Inc's total asset turnover was relatively stable at around 0.17 in the first half of 2020 but started to increase gradually, reaching 0.31 by December 31, 2024. This indicates that the company has been more effective in utilizing its assets to generate revenue over time.
The progressive improvement in the total asset turnover ratio suggests that Iridium Communications Inc has been able to better manage its assets to generate sales, which is a positive sign for the company's operational efficiency. This trend reflects positively on the company's ability to generate revenue relative to its asset base, indicating potential improvements in operational performance and profitability.
Peer comparison
Dec 31, 2024