Iridium Communications Inc (IRDM)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 112,776 | 114,458 | 88,370 | 25,293 | 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 |
| 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 |
| ROA | 4.22% | 4.16% | 3.25% | 0.92% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $112,776K ÷ $2,671,470K
= 4.22%
Iridium Communications Inc's return on assets (ROA) has shown a fluctuating trend over the analyzed periods. The company experienced negative ROA figures in the range of -5.18% to -0.02% from March 2020 to June 2022, indicating inefficiency in generating profits relative to its total assets during these periods.
However, there was a turning point in September 2022 when the ROA improved to 0.12% and continued to increase steadily, reaching 4.22% by December 2024. This upward trend suggests that the company became more effective in utilizing its assets to generate profits during this period.
Overall, the positive trend in ROA from September 2022 to December 2024 indicates that Iridium Communications Inc was able to enhance its operational efficiency and profitability in utilizing its assets, reflecting a potential improvement in the company's financial performance.
Peer comparison
Dec 31, 2024