ViaSat Inc (VSAT)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -1,068,904 | 228,199 | 310,370 | 1,029,368 | 1,084,808 | -141,212 | -105,597 | -54,066 | -15,534 | 21,003 | 34,376 | 33,048 | 3,691 | -2,080 | -2,364 | -1,133 | -212 | 717 | -16,163 | -45,081 |
| 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 |
| ROA | -6.55% | 1.37% | 1.82% | 5.75% | 14.03% | -2.08% | -1.62% | -0.83% | -0.24% | 0.35% | 0.57% | 0.55% | 0.07% | -0.04% | -0.05% | -0.02% | -0.00% | 0.02% | -0.37% | -1.06% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-1,068,904K ÷ $16,329,400K
= -6.55%
ViaSat Inc's return on assets (ROA) has displayed significant fluctuations over the past few quarters. The ROA was negative at -6.55% in March 2024, indicating that the company generated a net loss relative to its total assets. This follows a positive ROA of 1.37% in December 2023 and 1.82% in September 2023, suggesting improved profitability and efficiency in asset utilization during those periods.
The ROA spiked to 14.03% in March 2023, showcasing a period of exceptionally high profitability relative to its asset base. However, the ROA has generally been negative or low in the preceding quarters, with values ranging from -2.08% in December 2022 to -0.00% in March 2020.
These fluctuations in ROA indicate inconsistencies in ViaSat Inc's ability to generate profits from its assets and manage expenses efficiently. Further analysis of the company's financial performance and operational strategies would be necessary to determine the underlying factors driving these variations in ROA.
Peer comparison
Mar 31, 2024