Iridium Communications Inc (IRDM)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 200,384 | 194,565 | 167,868 | 108,251 | 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 |
| 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 |
| Operating ROA | 7.50% | 7.07% | 6.18% | 3.96% | 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% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $200,384K ÷ $2,671,470K
= 7.50%
The operating return on assets (operating ROA) of Iridium Communications Inc has shown a positive trend over the period from March 31, 2020, to December 31, 2024. The operating ROA started at 0.70% in March 2020 and consistently increased to reach 7.50% by December 2024.
There were fluctuations in the operating ROA during this period, with some quarterly decreases followed by significant increases. Noteworthy improvements were seen between March 31, 2022, and March 31, 2024, where the operating ROA more than doubled from 1.84% to 3.96%, and then further increased to 7.50% by December 31, 2024.
Overall, the increasing trend in operating ROA indicates that Iridium Communications Inc has been generating higher operating profits relative to its total assets over time, reflecting improved operational efficiency and profitability in its core business activities.
Peer comparison
Dec 31, 2024