ViaSat Inc (VSAT)
Profitability ratios
Return on sales
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | |
|---|---|---|---|---|---|
| Gross profit margin | 24.51% | 79.92% | 72.07% | 72.88% | 73.17% |
| Operating profit margin | -30.60% | -3.73% | -4.17% | -2.10% | 1.73% |
| Pretax margin | -41.55% | 27.09% | -1.92% | -0.34% | -0.37% |
| Net profit margin | -36.76% | 25.91% | -0.57% | 0.17% | -0.01% |
ViaSat Inc's profitability ratios have shown significant fluctuations over the past five years. The gross profit margin declined from 79.92% in 2023 to 24.51% in 2024, indicating a decrease in the percentage of revenue retained after accounting for cost of goods sold. This sharp decline may indicate challenges in managing production costs or changes in pricing strategies.
The operating profit margin also decreased substantially, reaching -30.60% in 2024 compared to -3.73% in 2023. This negative trend suggests that the company's operating expenses exceeded its gross profit, leading to operating losses. It may signify inefficiencies in cost management or declining revenues relative to operating expenses.
Similarly, the pretax margin deteriorated significantly from 27.09% in 2023 to -41.55% in 2024, reflecting a substantial decrease in profitability before accounting for taxes. This decline could be attributed to increased non-operating expenses or impairment charges that impacted the company's overall financial performance.
The net profit margin also turned negative in 2024, dropping to -36.76% from a positive 25.91% in 2023. This indicates that ViaSat Inc incurred a net loss in the most recent fiscal year, further highlighting challenges in generating profits after accounting for all expenses, including taxes.
In conclusion, ViaSat Inc's profitability ratios have exhibited a notable decline in 2024, raising concerns about the company's ability to maintain profitability and operational efficiency. Further analysis into the factors contributing to these deteriorating ratios would be essential in understanding the company's financial health and identifying areas for improvement.
Return on investment
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | -5.45% | -2.02% | -1.77% | -0.86% | 0.79% |
| Return on assets (ROA) | -6.55% | 14.03% | -0.24% | 0.07% | -0.00% |
| Return on total capital | -8.61% | 21.06% | -0.52% | 0.62% | 1.16% |
| Return on equity (ROE) | -21.27% | 28.37% | -0.59% | 0.16% | -0.01% |
ViaSat Inc's profitability ratios have fluctuated significantly over the past five years.
- Operating return on assets (Operating ROA) has shown a declining trend, starting at -0.86% in 2021 and reaching -5.45% in 2024. This indicates that the company's operating income generated from its assets has been decreasing over time.
- Return on assets (ROA) has been inconsistent, with a significant drop from 14.03% in 2023 to -6.55% in 2024. This suggests that ViaSat's overall profitability in relation to its total assets has varied widely.
- Return on total capital has also seen fluctuations, with a sharp decline from 21.06% in 2023 to -8.61% in 2024. This indicates that the company's ability to generate returns from all its invested capital has deteriorated significantly.
- Return on equity (ROE) has shown considerable volatility, dropping from a high of 28.37% in 2023 to a low of -21.27% in 2024. This indicates that shareholder equity returns have been volatile and negative in recent years.
Overall, the declining trend in profitability ratios for ViaSat Inc raises concerns about the company's ability to generate adequate returns for its shareholders and efficiently utilize its assets and capital. It may be advisable for stakeholders to closely monitor the company's financial performance and identify areas for improvement.