Iridium Communications Inc (IRDM)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 888,099 | 925,002 | 1,000,190 | 1,085,590 | 1,128,560 | 1,145,100 | 1,181,100 | 1,191,780 | 1,287,950 | 1,321,780 | 1,314,180 | 1,363,780 | 1,419,440 | 1,415,460 | 1,409,160 | 1,413,790 | 1,459,280 | 1,559,260 | 1,572,950 | 1,586,700 |
| ROE | 1.74% | -2.53% | -1.96% | 1.44% | 0.77% | 0.32% | -0.05% | -0.11% | -0.72% | -0.86% | -1.01% | -2.17% | -3.95% | -11.02% | -12.06% | -12.43% | -11.10% | -3.96% | -3.60% | -2.70% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $15,415K ÷ $888,099K
= 1.74%
Iridium Communications Inc's return on equity (ROE) fluctuated over the past eight quarters, ranging from -2.53% to 1.74%. The company's ROE was negative in three out of the eight quarters, indicating that the company may have struggled to generate profit relative to its shareholder equity during those periods. However, the positive ROE figures suggest that Iridium was able to generate some level of profit in the remaining quarters. Overall, the variability in ROE performance may indicate fluctuations in the company's profitability and efficiency in utilizing shareholder equity to generate earnings. Further analysis of the company's financial performance and strategies may be needed to fully understand the factors influencing its ROE trends.
Peer comparison
Dec 31, 2023