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.