EchoStar Corporation (SATS)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -1,702,060 | 166,548 | 62,721 | -51,904 | -62,917 |
| Total stockholders’ equity | US$ in thousands | 19,880,200 | 21,487,600 | 3,353,830 | 3,542,330 | 3,669,800 |
| ROE | -8.56% | 0.78% | 1.87% | -1.47% | -1.71% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-1,702,060K ÷ $19,880,200K
= -8.56%
EchoStar Corporation's return on equity (ROE) has been fluctuating over the past five years. The company experienced a negative ROE of -8.56% in 2023, following a slight improvement from the previous year's ROE of 0.78%. However, the ROE in 2023 was still significantly lower than the 1.87% recorded in 2021.
Looking further back, EchoStar Corporation had negative ROE figures in 2020 and 2019, with -1.47% and -1.71%, respectively. This trend indicates inconsistent profitability performance relative to shareholders' equity over the years.
The negative ROE figures suggest that the company's net income may not be generating adequate returns for shareholders given their equity investment in the company. It would be important for the company to analyze the factors contributing to these low ROE figures and consider implementing strategies to improve profitability and enhance shareholder value in the future.
Peer comparison
Dec 31, 2023