Iridium Communications Inc (IRDM)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 81,628 | 54,105 | 43,824 | 80,594 | 76,679 | 68,580 | 65,735 | 56,531 | 46,314 | 40,740 | 38,444 | 32,677 | 35,483 | 30,384 | 25,662 | 23,575 | 10,120 | 9,977 | 7,977 | 20,581 |
| Total assets | US$ in thousands | 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 | 3,623,560 | 3,827,010 | 3,917,060 | 4,026,310 |
| Operating ROA | 3.07% | 2.00% | 1.58% | 2.81% | 2.60% | 2.24% | 2.14% | 1.84% | 1.46% | 1.27% | 1.20% | 1.00% | 1.06% | 0.90% | 0.76% | 0.70% | 0.28% | 0.26% | 0.20% | 0.51% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $81,628K ÷ $2,661,780K
= 3.07%
Iridium Communications Inc's operating return on assets (operating ROA) has shown variability over the past eight quarters. The operating ROA ranged from a low of 1.52% in Q2 2023 to a high of 2.84% in Q4 2023. The trend indicates some fluctuations in the company's ability to generate profits from its assets over the analyzed period. However, the operating ROA generally remained within a relatively narrow range, with the highest and lowest values not differing significantly. It is important for the company to monitor and potentially improve its operating ROA to ensure efficient utilization of its assets and sustainable profitability.
Peer comparison
Dec 31, 2023