Cogent Communications Group Inc (CCOI)
Fixed asset turnover
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,036,104 | 1,055,912 | 1,074,139 | 1,053,502 | 940,922 | 820,802 | 695,373 | 604,017 | 599,604 | 594,833 | 592,760 | 592,189 | 589,791 | 586,484 | 580,859 | 573,970 | 568,108 | 564,499 | 559,139 | 552,938 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 1,607,440 | 572,035 | 544,430 | 589,810 | 461,381 | 557,328 | 457,880 | 558,376 | 541,068 | 425,492 | 430,335 | 421,251 | 406,747 | 367,682 |
| Fixed asset turnover | — | — | — | — | — | — | 0.43 | 1.06 | 1.10 | 1.01 | 1.28 | 1.06 | 1.29 | 1.05 | 1.07 | 1.35 | 1.32 | 1.34 | 1.37 | 1.50 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,036,104K ÷ $—K
= —
The fixed asset turnover ratio for Cogent Communications Group Inc has shown some fluctuations over the periods provided. The ratio stood at 1.50 as of March 31, 2020, indicating that the company generated $1.50 in net sales for every dollar invested in fixed assets. The ratio then dipped to 1.37 by June 30, 2020, and further declined to 1.34 by September 30, 2020.
From December 31, 2020, the ratio started to show some improvement, reaching 1.32. However, a slight decrease was seen on March 31, 2021, before a more significant drop to 1.07 by June 30, 2021, and 1.05 by September 30, 2021. The ratio then rebounded to 1.29 by December 31, 2021, and further increased to 1.28 by June 30, 2022.
A slight decline occurred on September 30, 2022, to 1.01 and then a subsequent increase to 1.10 by December 31, 2022. However, the ratio dropped again to 1.06 by March 31, 2023, and a larger decline to 0.43 by June 30, 2023. The data is unavailable for the subsequent periods.
These fluctuations in the fixed asset turnover ratio suggest varying efficiency in the company's utilization of its fixed assets to generate sales during the respective periods. It is important for Cogent Communications Group Inc to closely monitor and manage this ratio to ensure optimal utilization of its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2024