ViaSat Inc (VSAT)

Operating return on assets (Operating ROA)

Mar 31, 2025 Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021
Operating income US$ in thousands -97,480 -889,806 -155,956 12,448 58,233
Total assets US$ in thousands 15,448,800 16,329,400 7,730,340 6,389,350 5,349,470
Operating ROA -0.63% -5.45% -2.02% 0.19% 1.09%

March 31, 2025 calculation

Operating ROA = Operating income ÷ Total assets
= $-97,480K ÷ $15,448,800K
= -0.63%

ViaSat Inc's operating return on assets (operating ROA) has witnessed a declining trend over the past five years. As of March 31, 2021, the operating ROA stood at 1.09%, indicating that the company generated $1.09 in operating income for every $100 in assets. However, this ratio experienced a significant decrease to 0.19% by March 31, 2022.

The downward trend continued as the operating ROA plummeted to -2.02% by March 31, 2023, suggesting that the company's operating performance was not generating sufficient returns relative to its asset base. This negative trend persisted with a further decline to -5.45% by March 31, 2024, indicating that ViaSat Inc's operating activities were not effectively utilizing its assets to generate profits.

Although there was a slight improvement in the operating ROA to -0.63% by March 31, 2025, the ratio still remained in negative territory, signifying ongoing challenges in efficiently utilizing assets to drive profitability. Overall, the declining trend in ViaSat Inc's operating ROA suggests the need for strategic changes or operational improvements to enhance the company's asset utilization and operational efficiency in the future.