Iridium Communications Inc (IRDM)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 200,384 | 81,628 | 76,679 | 46,314 | 35,483 |
| Total assets | US$ in thousands | 2,671,470 | 2,661,780 | 2,954,010 | 3,180,800 | 3,360,950 |
| Operating ROA | 7.50% | 3.07% | 2.60% | 1.46% | 1.06% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $200,384K ÷ $2,671,470K
= 7.50%
Iridium Communications Inc has exhibited a positive trend in operating return on assets (Operating ROA) over the years, with figures showing steady growth. The Operating ROA increased gradually from 1.06% as of December 31, 2020, to 7.50% as of December 31, 2024. This indicates that the company has been able to generate more operating income relative to its total assets during this period. The significant boost in Operating ROA in 2024 suggests effective management of assets to generate higher operating returns, reflecting positively on the company's operational efficiency and profitability. Overall, the trend in Operating ROA demonstrates improvement in Iridium Communications Inc's ability to utilize its assets efficiently to generate operating earnings.
Peer comparison
Dec 31, 2024