SkyWest Inc (SKYW)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 322,962 | 243,101 | 176,870 | 116,711 | 34,342 | -30,278 | -5,384 | 33,148 | 72,953 | 124,389 | 85,701 | 93,744 | 111,910 | 79,909 | 103,887 | 16,178 | 10,266 | 163,240 | 220,917 | 334,684 |
| 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 |
| ROA | 4.52% | 3.49% | 2.54% | 1.67% | 0.49% | -0.43% | -0.08% | 0.46% | 0.98% | 1.67% | 1.17% | 1.31% | 1.57% | 1.15% | 1.49% | 0.23% | 0.15% | 2.42% | 3.26% | 5.02% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $322,962K ÷ $7,139,870K
= 4.52%
The Return on Assets (ROA) of SkyWest Inc has shown fluctuations over the given periods. The ROA started at a high of 5.02% in March 2020 before declining to 0.15% by December 2020. However, there was a slight improvement to 1.57% in December 2021. The ROA dipped again to 0.46% in March 2022 but showed a gradual recovery trend, reaching 4.52% by December 2024. Notably, there were negative ROA figures in some quarters, such as -0.08% in June 2023 and -0.43% in September 2023, suggesting challenges in generating profits relative to the assets employed during those periods. Overall, the company's ROA has exhibited variability, indicating fluctuations in its efficiency in generating profits from its assets over time.
Peer comparison
Dec 31, 2024