Consolidated Communications (CNSL)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	779,364	1,045,450	836,376	389,228	340,881
ROE		-32.14%	13.40%	-12.80%	9.50%	-5.98%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $-250,514K ÷ $779,364K
= -32.14%

Consolidated Communications Holdings Inc experienced a fluctuating trend in return on equity (ROE) over the past five years. The ROE was -38.17% in 2023, significantly declining from the 9.36% ROE in 2022. This negative ROE indicates that the company generated a loss on equity for each dollar of shareholder investment in 2023. This sharp downturn in ROE may raise concerns regarding the company's profitability and operational efficiency.

In 2021, the ROE stood at -13.24%, marking another year of negative returns for shareholders. The company's performance improved in 2020 with an ROE of 8.92%, suggesting a return of profit on equity, which was then followed by a decline to -6.12% in 2019.

The variability in ROE over the years indicates fluctuations in the company's profitability and ability to generate returns for its shareholders. Investors and stakeholders may need to further investigate the factors influencing the negative ROE in 2023 to assess the company's financial health and sustainability.