Consolidated Communications (CNSL)

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	1,108,273	1,129,071	1,142,036	1,165,264	1,189,461	1,211,965	1,233,930	1,250,822	1,260,849	1,249,993	1,258,475	1,268,369	1,284,566	1,307,977	1,314,817	1,322,890	1,336,839	1,350,554	1,364,712	1,381,684
Total assets	US$ in thousands	3,628,430	3,685,960	3,759,410	3,891,920	3,887,090	3,968,980	3,585,720	3,595,450	3,712,690	3,728,950	3,686,800	3,673,820	3,507,300	3,383,830	3,347,640	3,355,130	3,390,280	3,443,300	3,485,710	3,524,040
Total asset turnover		0.31	0.31	0.30	0.30	0.31	0.31	0.34	0.35	0.34	0.34	0.34	0.35	0.37	0.39	0.39	0.39	0.39	0.39	0.39	0.39

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,108,273K ÷ $3,628,430K
= 0.31

Consolidated Communications Holdings Inc's total asset turnover has shown stability over the past eight quarters, ranging from 0.30 to 0.35. The ratio indicates that the company generates approximately 30-35 cents of revenue for each dollar of assets it holds. The consistency in this metric suggests that the company is effectively utilizing its assets to generate revenue. However, a lower total asset turnover may indicate inefficiencies in asset utilization, while a higher ratio could signify aggressive sales strategies or underutilized assets. Further analysis of industry benchmarks and trends would provide more context to understand the company's performance in this aspect.