Consolidated Communications (CNSL)
Return on assets (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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income (ttm) | US$ in thousands | -263,653 | -258,902 | 91,557 | 198,095 | 119,535 | 209,552 | -87,771 | -141,412 | -87,847 | -129,096 | -109,865 | -40,669 | 36,977 | 37,909 | 23,656 | 2,429 | -20,383 | -28,374 | -43,545 | -46,801 |
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 |
ROA | -7.27% | -7.02% | 2.44% | 5.09% | 3.08% | 5.28% | -2.45% | -3.93% | -2.37% | -3.46% | -2.98% | -1.11% | 1.05% | 1.12% | 0.71% | 0.07% | -0.60% | -0.82% | -1.25% | -1.33% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-263,653K ÷ $3,628,430K
= -7.27%
Consolidated Communications Holdings Inc's return on assets (ROA) has been fluctuating over the past eight quarters, indicating inconsistency in generating profit relative to its total assets. In Q4 2023 and Q3 2023, the company reported negative ROA figures of -8.11% and -7.46% respectively, reflecting a decline in profitability and efficiency in asset utilization. However, the company showed some improvement in Q1 2023 with an ROA of 4.49%, but this was preceded by a lower ROA of 1.79% in Q2 2023.
Comparing the latest performance to the same quarter in the previous year, there has been a decrease in ROA from 2.50% in Q4 2022 to -8.11% in Q4 2023, indicating a significant decline in profitability. Despite some fluctuations throughout the quarters, Consolidated Communications Holdings Inc has not been able to maintain a consistently positive ROA, which may raise concerns about its operational efficiency and overall financial health.
Peer comparison
Dec 31, 2023