Cogent Communications Group Inc (CCOI)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,581,285 | 1,074,137 | 1,122,853 | 10,157 | 5,146 | 20,494 | 41,821 | 28,164 | 45,878 | 10,478 | -7,797 | 3,260 | -6,364 | 40,869 | 59,525 | 58,097 | 58,087 | 52,365 | 46,895 | 46,311 |
| 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 |
| ROA | 49.24% | 36.27% | 35.50% | 1.02% | 0.51% | 2.01% | 4.12% | 2.90% | 4.66% | 1.04% | -0.77% | 0.38% | -0.64% | 4.08% | 5.92% | 6.36% | 6.23% | 5.62% | 4.94% | 5.81% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,581,285K ÷ $3,211,620K
= 49.24%
Over the past eight quarters, Cogent Communications Holdings Inc has demonstrated fluctuating return on assets (ROA) performance. The ROA ranged from as low as 0.51% in Q4 2022 to as high as 39.65% in Q4 2023. Generally, the company's ROA has shown an improving trend from Q1 2022 to Q4 2023, indicating that the company has been more efficient in generating profits relative to its total assets over time. However, the significant fluctuations in ROA, particularly the sharp increase in Q4 2023, suggest that there may have been extraordinary circumstances or changes impacting the company's profitability and asset utilization. Further analysis of the company's financial statements and business operations is recommended to better understand the factors driving the ROA dynamics.
Peer comparison
Dec 31, 2023