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