Cogent Communications Group Inc (CCOI)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -204,074 | 39,396 | 45,785 | 1,201,983 | 1,273,438 | 1,074,137 | 1,122,853 | 10,157 | 5,146 | 22,801 | 44,128 | 30,471 | 48,185 | 23,058 | 4,783 | 15,840 | 6,216 | 20,301 | 38,957 | 37,529 |
| 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 |
| ROA | -6.43% | 1.23% | 1.37% | 38.21% | 36.66% | 36.27% | 35.50% | 1.02% | 0.51% | 2.23% | 4.35% | 3.14% | 4.89% | 2.29% | 0.47% | 1.86% | 0.62% | 2.03% | 3.87% | 4.11% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-204,074K ÷ $3,173,100K
= -6.43%
Based on the provided data, Cogent Communications Group Inc's return on assets (ROA) fluctuated over the periods from March 31, 2020, to December 31, 2024.
In the initial periods, ROA showed a generally positive trend, starting at 4.11% in March 2020 and gradually declining to 0.62% by December 2020. There was a slight improvement in the first half of 2021, with ROA reaching 1.86% in March 2021 before dropping to 0.47% in June 2021.
Subsequently, there was a notable recovery in ROA, particularly in the second half of 2021 and into 2022, where the percentage varied between 2% and 4.89%. However, there were some fluctuations observed in the following quarters of 2022 and 2023, with a peak at 38.21% in March 2024.
In the second half of 2024, the ROA again decreased significantly to negative values, indicating potential challenges or adverse factors affecting the company's asset return, such as declining profitability or increased asset base.
Overall, the trend in ROA for Cogent Communications Group Inc suggests a mixed performance, with periods of both positive and negative returns on assets. It is important for stakeholders to monitor this metric closely to assess the company's efficiency in generating profits from its assets and to identify any underlying factors driving these fluctuations.
Peer comparison
Dec 31, 2024