Cogent Communications Group Inc (CCOI)
Total asset turnover
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 885,881 | 733,464 | 614,285 | 538,104 | 489,832 | 397,049 | 395,575 | 394,246 | 418,982 | 518,354 | 514,417 | 508,379 | 491,056 | 519,427 | 514,624 | 508,398 | 500,977 | 496,575 | 492,525 | 488,426 |
| Total assets | US$ in thousands | 3,211,620 | 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 | 932,124 | 932,344 | 949,065 | 797,003 |
| Total asset turnover | 0.28 | 0.25 | 0.19 | 0.54 | 0.48 | 0.39 | 0.39 | 0.41 | 0.43 | 0.51 | 0.51 | 0.60 | 0.49 | 0.52 | 0.51 | 0.56 | 0.54 | 0.53 | 0.52 | 0.61 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $885,881K ÷ $3,211,620K
= 0.28
Based on the data provided, Cogent Communications Holdings Inc's total asset turnover has shown some fluctuation over the past eight quarters. The total asset turnover ratio measures the company's ability to generate revenue from its assets. A higher ratio indicates that the company is more efficient in generating sales revenue relative to its asset base.
In Q1 2023, the total asset turnover was 0.60, which suggests that the company was able to generate $0.60 in sales for every $1 of assets. This was the highest total asset turnover ratio observed in the data provided. On the other hand, in Q2 2023, the ratio dropped significantly to 0.22, indicating a decrease in efficiency in utilizing its assets to generate revenue.
Overall, there is some variability in the total asset turnover ratio over the past eight quarters, with fluctuations between 0.22 and 0.61. It would be important to further investigate the reasons behind these fluctuations, as a consistent and optimal total asset turnover ratio is crucial for the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023