ViaSat Inc (VSAT)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -889,806 | -962,793 | -950,186 | -140,834 | -155,956 | -131,904 | -129,324 | -158,427 | -85,497 | -111,939 | -61,448 | -24,347 | -45,953 | 43,221 | 35,430 | 41,172 | 38,421 | 33,752 | 25,790 | -14,206 |
| Total assets | US$ in thousands | 16,329,400 | 16,650,700 | 17,072,000 | 17,897,600 | 7,730,340 | 6,801,920 | 6,510,280 | 6,483,360 | 6,389,350 | 6,086,790 | 5,992,860 | 5,994,530 | 5,349,470 | 5,248,710 | 5,203,400 | 4,904,370 | 4,883,870 | 4,513,680 | 4,367,050 | 4,262,290 |
| Operating ROA | -5.45% | -5.78% | -5.57% | -0.79% | -2.02% | -1.94% | -1.99% | -2.44% | -1.34% | -1.84% | -1.03% | -0.41% | -0.86% | 0.82% | 0.68% | 0.84% | 0.79% | 0.75% | 0.59% | -0.33% |
March 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-889,806K ÷ $16,329,400K
= -5.45%
ViaSat Inc's operating return on assets (ROA) experienced fluctuations over the period from December 2019 to March 2024. The trend indicates a downward trajectory, with the operating ROA declining from -0.33% in June 2019 to -5.45% in March 2024. This suggests that ViaSat Inc has been generating lower operating income in relation to its total assets over time. The negative operating ROA numbers imply that the company's operating profitability has been insufficient to cover its asset base effectively.
The lowest point in the operating ROA was recorded in December 2023 at -5.78%, signaling a period of particularly weak operational performance. There was a slight improvement in the operating ROA in September and December 2020, with positive percentages of 0.68% and 0.82% respectively. However, these positive values were not sustained, as the trend reverted to negative figures in subsequent periods.
The negative operating ROA figures may indicate operational inefficiencies, declining profitability, or challenges in effectively utilizing the company's assets to generate revenue. Investors and stakeholders may be concerned about ViaSat Inc's ability to generate satisfactory returns from its operational activities, as reflected in the diminishing trend of the operating ROA. Further analysis of the company's financial strategy, operational efficiency, and asset management practices may be warranted to address these performance issues and improve the operating ROA in the future.
Peer comparison
Mar 31, 2024