ViaSat Inc (VSAT)
Return on total capital
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -11,881 | -11,586 | 33,051 | -735,148 | -817,210 | -878,142 | -885,931 | -105,710 | -149,221 | -109,387 | -73,688 | -116,833 | -30,522 | 19,385 | 36,346 | 84,262 | 58,707 | 43,826 | 36,100 | 42,127 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | — | 4,760,620 | 4,935,480 | 5,029,350 | 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 |
| Return on total capital | — | -0.24% | 0.67% | -14.62% | -16.26% | -17.21% | -17.07% | -1.78% | -3.90% | -4.23% | -2.84% | -4.40% | -1.16% | 0.74% | 1.38% | 3.22% | 2.50% | 1.89% | 1.58% | 2.03% |
March 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-11,881K ÷ ($—K + $—K)
= —
ViaSat Inc's return on total capital has displayed significant fluctuations over the reporting periods. The trend indicates varying levels of efficiency in generating returns from the total capital employed in the business. Initially, from June 2020 to March 2021, the company saw a gradual improvement in its return on total capital, reaching a peak of 3.22% in June 2021.
However, starting from September 2021, there was a notable decline in the return on total capital, with negative values recorded consistently through the end of March 2025. The negative percentages suggest that the company may be experiencing challenges in generating profits in relation to the total capital invested. The most significant downturns were observed in the latter half of 2023 and early 2024, with returns dropping to double-digit negative percentages.
The positive return in September 2024 and a marginal improvement in December 2024 could indicate some recovery or stabilization in the company's capital efficiency. However, the return on total capital data for March 2025 is missing, leaving uncertainties about the latest performance.
Overall, the varying trends in return on total capital imply fluctuations in ViaSat Inc's ability to effectively utilize its total capital to generate returns for stakeholders. Further analysis and contextual information would be required to understand the reasons behind the fluctuations and assess the company's future financial performance.
Peer comparison
Mar 31, 2025