Consolidated Communications (CNSL)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,098,700 | 1,182,490 | 1,248,400 | 1,276,540 | 1,334,130 |
| Total assets | US$ in thousands | 3,628,430 | 3,887,090 | 3,712,690 | 3,507,300 | 3,390,280 |
| Total asset turnover | 0.30 | 0.30 | 0.34 | 0.36 | 0.39 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,098,700K ÷ $3,628,430K
= 0.30
The total asset turnover ratio for Consolidated Communications Holdings Inc has shown a decreasing trend over the past five years, indicating a decline in the company's ability to generate sales revenue relative to its total assets. The ratio decreased from 0.39 in 2019 to 0.31 in both 2022 and 2023. This suggests that the company is less efficient in utilizing its assets to generate revenue compared to previous years. A lower total asset turnover ratio may indicate underutilization of assets or potential inefficiencies in the company's operations. Further analysis and comparison with industry peers may provide insights into the underlying factors contributing to this trend and help identify areas for improvement in asset utilization.
Peer comparison
Dec 31, 2023