Cogent Communications Group Inc (CCOI)
Total 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 |
| Total assets | US$ in thousands | 3,173,100 | 3,204,090 | 3,344,170 | 3,145,410 | 3,473,840 | 2,961,680 | 3,162,740 | 998,412 | 1,010,180 | 1,020,700 | 1,014,580 | 969,769 | 984,557 | 1,008,750 | 1,010,750 | 852,962 | 1,000,480 | 1,000,910 | 1,005,400 | 913,625 |
| Total asset turnover | 0.33 | 0.33 | 0.32 | 0.33 | 0.27 | 0.28 | 0.22 | 0.60 | 0.59 | 0.58 | 0.58 | 0.61 | 0.60 | 0.58 | 0.57 | 0.67 | 0.57 | 0.56 | 0.56 | 0.61 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,036,104K ÷ $3,173,100K
= 0.33
Cogent Communications Group Inc's total asset turnover has fluctuated over the analyzed periods, ranging from a low of 0.22 to a high of 0.67. The total asset turnover ratio reflects the efficiency of the company in generating sales revenue in relation to its total assets.
The trend shows a general stability in the ratio, with some variations indicating changes in the company's asset utilization efficiency. The ratio peaked at 0.67 in March 2021, suggesting that the company generated $0.67 in sales for every $1 of total assets. This could indicate improved asset efficiency or higher sales volume during that period.
However, there was a significant drop in total asset turnover in the quarter ending June 2023, where it fell to 0.22, implying a decline in sales generated relative to total assets, which could signal inefficiency in asset utilization or lower sales volume relative to asset base during that particular period.
Overall, it is important for Cogent Communications Group Inc to monitor and manage its total asset turnover to ensure efficient utilization of assets in generating sales revenue and to maintain a healthy financial performance.
Peer comparison
Dec 31, 2024