EchoStar Corporation (SATS)
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 | -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 stockholders’ equity | US$ in thousands | 19,880,200 | 3,573,400 | 3,574,120 | 3,546,080 | 21,487,600 | 3,439,330 | 3,398,230 | 3,446,200 | 3,353,830 | 3,462,910 | 3,510,610 | 3,494,110 | 3,542,330 | 3,554,560 | 3,525,840 | 3,547,350 | 3,669,800 | 3,674,720 | 4,230,880 | 4,168,100 |
| ROE | -9.98% | 2.38% | 2.91% | 2.97% | 0.78% | 1.13% | 1.46% | 2.15% | 1.87% | 4.05% | 3.86% | 2.55% | -1.21% | -2.63% | -3.89% | -3.69% | -1.68% | -3.28% | -2.04% | -0.09% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-1,984,183K ÷ $19,880,200K
= -9.98%
Looking at EchoStar Corporation's return on equity (ROE) over the past five quarters, we observe some fluctuations. In the most recent quarter, the ROE stands at -9.98%, showing a significant decrease from the prior quarter which was at 2.38%. This negative ROE indicates that the company is not generating sufficient profits from shareholders' equity.
The trend over the past several quarters shows a mix of positive and negative ROE figures, with some quarters showing modest improvement while others are in the negative territory. It is important to note that achieving consistently positive ROE is crucial for shareholders as it reflects the company's ability to generate profits from the equity invested by shareholders.
Further analysis and investigation into the factors influencing EchoStar Corporation's ROE, such as profitability, asset management efficiency, and debt levels, would be needed to provide a more in-depth understanding of the company's financial performance.
Peer comparison
Dec 31, 2023