Consolidated Communications (CNSL)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-250,514	140,085	-107,085	36,977	-20,383
Total assets	US$ in thousands	3,628,430	3,887,090	3,712,690	3,507,300	3,390,280
ROA		-6.90%	3.60%	-2.88%	1.05%	-0.60%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $-250,514K ÷ $3,628,430K
= -6.90%

Consolidated Communications Holdings Inc's return on assets (ROA) has fluctuated significantly over the past five years, ranging from a low of -8.11% in 2023 to a high of 2.50% in 2022. The negative ROA in 2023 indicates that the company's assets generated a loss relative to its total assets. This could be a concerning sign of inefficient asset utilization or financial distress.

The positive ROA of 2.50% in 2022 suggests that the company managed to generate a modest return on its assets, indicating improved asset efficiency or profitability. However, the negative ROA of -2.96% in 2021 and -0.61% in 2019 indicates periods where the company's assets did not contribute positively to its overall profitability.

Overall, the varying ROA values highlight the inconsistency in the company's ability to generate returns from its assets. It is important for Consolidated Communications Holdings Inc to focus on improving its asset utilization and profitability to enhance its overall financial performance and stability.