EchoStar Corporation (SATS)
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 | -277,909 | 1,001,731 | 1,505,429 | 1,299,107 | 990,837 | 598,966 | 189,214 | 208,616 | 217,010 | 211,475 | 185,868 | 155,332 | 112,473 | 105,962 | 95,065 | 55,632 | 73,077 | -1,296 | 10,939 | 48,577 |
| Total assets | US$ in thousands | 57,108,900 | 6,230,460 | 6,237,040 | 6,193,790 | 58,748,300 | 6,125,300 | 6,118,520 | 6,169,750 | 6,045,200 | 6,182,360 | 6,209,610 | 6,951,810 | 7,073,350 | 7,025,540 | 6,976,190 | 6,959,620 | 7,154,300 | 7,037,750 | 7,950,090 | 8,778,890 |
| Operating ROA | -0.49% | 16.08% | 24.14% | 20.97% | 1.69% | 9.78% | 3.09% | 3.38% | 3.59% | 3.42% | 2.99% | 2.23% | 1.59% | 1.51% | 1.36% | 0.80% | 1.02% | -0.02% | 0.14% | 0.55% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-277,909K ÷ $57,108,900K
= -0.49%
EchoStar Corporation's operating return on assets (operating ROA) has displayed fluctuations over the past several quarters.
The operating ROA has shown a mix of positive and negative figures, with the highest being 24.14% in June 2023 and the lowest at -0.49% in December 2023. This indicates a wide range of performance levels in terms of generating operating profits from its assets.
The substantial increase in operating ROA from the negative figure in December 2023 to 16.08% in September 2023 suggests a significant improvement in the company's ability to generate operating income relative to its assets during this period.
It is notable that the operating ROA has generally been positive in recent quarters, indicating that EchoStar Corporation has been efficient in utilizing its assets to generate operating profits. However, the consistent fluctuations in the ratio highlight the company's varying operational performance over time.
Overall, EchoStar Corporation should focus on sustaining and improving its operating ROA to ensure consistent profitability and efficient asset utilization in the future. Additional analysis and comparisons with industry peers could provide further insights into the company's performance.
Peer comparison
Dec 31, 2023