Consolidated Communications (CNSL)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	-158,178	-165,745	-113,015	-3,519	-93,162	-38,112	-26,456	-10,890	135,178	121,878	126,722	136,487	135,513	141,203	127,393	101,913	81,281	58,117	35,323	26,450
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
Operating ROA		-4.36%	-4.50%	-3.01%	-0.09%	-2.40%	-0.96%	-0.74%	-0.30%	3.64%	3.27%	3.44%	3.72%	3.86%	4.17%	3.81%	3.04%	2.40%	1.69%	1.01%	0.75%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-158,178K ÷ $3,628,430K
= -4.36%

Consolidated Communications Holdings Inc's operating return on assets (operating ROA) has shown a downward trend over the last eight quarters. The operating ROA decreased from 3.37% in Q1 2022 to -1.58% in Q4 2023.

This decline indicates that the company's ability to generate profit from its assets in its core operations has weakened over time. The negative values in the recent quarters suggest that the company's operating income is not sufficient to cover its assets' operational costs.

It is essential for Consolidated Communications Holdings Inc to closely monitor and address the factors leading to this downward trend in operating ROA to improve operational efficiency and profitability in the future.