SkyWest Inc (SKYW)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	494,657	378,203	296,059	208,279	104,069	41,383	67,668	124,410	181,162	249,178	220,652	247,073	275,867	215,246	242,749	123,323	108,802	261,776	333,664	482,160
Total assets	US$ in thousands	7,139,870	6,956,600	6,962,440	6,982,740	7,026,290	7,059,120	7,115,770	7,233,760	7,414,550	7,454,200	7,336,650	7,148,960	7,125,950	6,940,500	6,991,760	6,894,680	6,887,620	6,758,590	6,773,380	6,661,410
Operating ROA		6.93%	5.44%	4.25%	2.98%	1.48%	0.59%	0.95%	1.72%	2.44%	3.34%	3.01%	3.46%	3.87%	3.10%	3.47%	1.79%	1.58%	3.87%	4.93%	7.24%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $494,657K ÷ $7,139,870K
= 6.93%

The operating return on assets (Operating ROA) for SkyWest Inc has shown fluctuations over the periods from March 31, 2020 to December 31, 2024. The trend indicates variability in the company's ability to generate operating profit from its assets.

The Operating ROA started at 7.24% on March 31, 2020, gradually declined to 1.58% by December 31, 2020. Thereafter, there was a slight increase in the metric, reaching 3.87% by September 30, 2021, before fluctuating around the 3% level in the subsequent quarters.

In the last reported period, December 31, 2024, the Operating ROA improved significantly to 6.93%. This uptrend could indicate an enhancement in the efficiency of asset utilization and profitability of SkyWest Inc's core operations. Nevertheless, a thorough analysis of the company's financial performance and operational strategies would be necessary to understand the factors driving these changes in the Operating ROA.