ViaSat Inc (VSAT)
Return on equity (ROE)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -1,068,900 | 1,084,810 | -15,534 | 3,691 | -212 |
| Total stockholders’ equity | US$ in thousands | 5,025,430 | 3,824,310 | 2,633,870 | 2,351,470 | 2,027,790 |
| ROE | -21.27% | 28.37% | -0.59% | 0.16% | -0.01% |
March 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-1,068,900K ÷ $5,025,430K
= -21.27%
From the data provided, ViaSat Inc's Return on Equity (ROE) has displayed significant variability over the past five years. In the most recent fiscal year (ending March 31, 2024), the company experienced a negative ROE of -21.27%, indicating that the firm's net income was insufficient to generate a positive return for its shareholders based on the equity invested.
In contrast, the ROE was notably higher in the previous fiscal year (ending March 31, 2023) at 28.37%, suggesting that the company was more efficient in utilizing its equity to generate profits for shareholders during that period.
The ROE for the fiscal year ended March 31, 2022, was negative at -0.59%, indicating that the company experienced a loss relative to its equity during that period. Similarly, in the fiscal year ended March 31, 2021, the ROE was only 0.16%, which implies a minimal return on equity for shareholders.
The fiscal year ended March 31, 2020, also saw a marginal ROE of -0.01%, which indicates a slight loss relative to the equity invested.
Overall, the fluctuating trend in ViaSat Inc's ROE over the past five years reflects the company's varying profitability and effectiveness in generating returns for its shareholders. The negative ROE figures suggest that the company may have struggled to translate its equity investment into profits in certain periods, while the positive ROE in 2023 highlights a more successful utilization of equity in generating returns for shareholders.
Peer comparison
Mar 31, 2024