ViaSat Inc (VSAT)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 5,025,430 | 5,103,010 | 5,189,970 | 5,939,510 | 3,824,310 | 2,588,750 | 2,596,560 | 2,652,860 | 2,633,870 | 2,634,450 | 2,634,810 | 2,620,120 | 2,351,470 | 2,318,680 | 2,280,050 | 2,072,970 | 2,027,790 | 2,006,270 | 1,990,910 | 1,963,230 |
| ROE | -21.27% | 4.47% | 5.98% | 17.33% | 28.37% | -5.45% | -4.07% | -2.04% | -0.59% | 0.80% | 1.30% | 1.26% | 0.16% | -0.09% | -0.10% | -0.05% | -0.01% | 0.04% | -0.81% | -2.30% |
March 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-1,068,904K ÷ $5,025,430K
= -21.27%
ViaSat Inc's return on equity (ROE) has shown fluctuating trends over the past few quarters. The ROE was negative in the most recent quarter ending March 31, 2024, indicating that the company generated a net loss relative to its shareholders' equity. This negative ROE suggests that ViaSat's profitability and efficiency in generating returns for its shareholders have deteriorated.
Comparing to the previous quarters, the ROE had shown some improvement in the fourth quarter of 2023, reaching 4.47%. However, this improvement was not sustained as the ROE declined in the subsequent quarters. Notably, the ROE had shown a positive trend in the first quarter of 2023, with a relatively higher ROE of 28.37%, indicating strong profitability and efficient use of shareholders' equity.
Overall, the volatile nature of ViaSat's ROE indicates fluctuations in the company's profitability and efficiency in utilizing shareholders' equity to generate returns. Investors and stakeholders may need to carefully monitor ViaSat's financial performance and strategies to assess the company's ability to improve its ROE and create long-term value for its shareholders.
Peer comparison
Mar 31, 2024