EchoStar Corporation (SATS)
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 | -1,984,183 | 85,017 | 104,035 | 105,423 | 166,548 | 38,885 | 49,552 | 74,094 | 62,721 | 140,207 | 135,430 | 89,003 | -42,864 | -93,385 | -137,134 | -130,782 | -61,479 | -120,559 | -86,198 | -3,916 |
| 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 |
| ROA | -3.47% | 1.36% | 1.67% | 1.70% | 0.28% | 0.63% | 0.81% | 1.20% | 1.04% | 2.27% | 2.18% | 1.28% | -0.61% | -1.33% | -1.97% | -1.88% | -0.86% | -1.71% | -1.08% | -0.04% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-1,984,183K ÷ $57,108,900K
= -3.47%
EchoStar Corporation's return on assets (ROA) has fluctuated over the past few quarters. The ROA was negative at -3.47% as of December 31, 2023, indicating that the company generated a loss relative to its assets. However, there was a positive trend seen in the recent quarters, with ROA improving to 1.36% as of September 30, 2023, and further increasing to 1.67% as of June 30, 2023, and 1.70% as of March 31, 2023.
In comparison to previous periods, the ROA has shown variability, ranging from negative figures like -0.61% as of December 31, 2020, to positive results like 2.27% as of September 30, 2021. Overall, the company's ability to generate profit from its assets has shown some improvement, but there have been periods of underperformance as well. It would be important to further analyze the reasons behind these fluctuations to assess the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023