SkyWest Inc (SKYW)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 322,962 | 34,342 | 72,953 | 111,910 | -8,515 |
| Total assets | US$ in thousands | 7,139,870 | 7,026,290 | 7,414,550 | 7,125,950 | 6,887,620 |
| ROA | 4.52% | 0.49% | 0.98% | 1.57% | -0.12% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $322,962K ÷ $7,139,870K
= 4.52%
Based on the provided data, SkyWest Inc's Return on Assets (ROA) has shown a fluctuating trend over the five-year period from December 31, 2020, to December 31, 2024.
- In December 2020, the ROA was negative at -0.12%, indicating that the company generated a loss relative to its total assets during that period.
- By December 2021, the ROA improved significantly to 1.57%, suggesting that SkyWest Inc was able to generate a higher return on its assets compared to the previous year.
- In the following years, the ROA continued to show variations. In December 2022, the ROA decreased to 0.98%, and further dropped to 0.49% by December 2023.
- However, by December 2024, there was a notable increase in the ROA to 4.52%, signifying a strong improvement in the company's ability to generate profit from its assets.
Overall, SkyWest Inc's ROA has exhibited some volatility over the years, with both positive and negative figures. It is essential for investors and stakeholders to monitor this metric closely to assess the company's efficiency in utilizing its assets to generate profits.
Peer comparison
Dec 31, 2024