Iridium Communications Inc (IRDM)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 15,415 | -23,416 | -19,625 | 15,673 | 8,722 | 3,646 | -588 | -1,312 | -9,319 | -11,360 | -13,280 | -29,535 | -56,054 | -155,986 | -169,993 | -175,677 | -161,999 | -61,724 | -56,568 | -42,880 |
| 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 |
| ROA | 0.58% | -0.87% | -0.71% | 0.55% | 0.30% | 0.12% | -0.02% | -0.04% | -0.29% | -0.35% | -0.41% | -0.90% | -1.67% | -4.63% | -5.04% | -5.18% | -4.47% | -1.61% | -1.44% | -1.06% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $15,415K ÷ $2,661,780K
= 0.58%
Based on the provided data for Iridium Communications Inc, the return on assets (ROA) has shown significant fluctuations over the past eight quarters. In Q4 2023, the ROA stood at 0.58%, marking a positive return on assets for the company. This was a noteworthy improvement compared to previous quarters, where the ROA was negative, indicating potential profitability challenges.
In Q3 2023, the ROA decreased substantially to -0.87%, suggesting a period of financial difficulty or decreased efficiency in asset utilization. The negative trend continued in Q2 2023 with an ROA of -0.71%, indicating ongoing challenges in generating profits from the company's assets.
However, there was a positive turnaround in Q1 2023, where the ROA improved to 0.55%, indicating a more effective use of assets to generate profits. Prior to that, in Q4 2022, Q3 2022, and Q2 2022, the ROA figures were positive but relatively lower, indicating a relatively stable performance in terms of asset utilization and profitability.
Overall, the ROA trend for Iridium Communications Inc has been volatile, with periods of both positive and negative returns on assets. Investors and stakeholders should closely monitor future ROA figures to assess the company's financial health and efficiency in generating profits from its assets.
Peer comparison
Dec 31, 2023