Consolidated Communications (CNSL)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	779,364	845,352	899,238	1,005,240	1,045,450	1,032,780	734,313	728,837	836,376	401,636	283,494	332,506	389,228	384,963	365,667	347,213	340,881	353,500	353,101	370,167
ROE		-33.83%	-30.63%	10.18%	19.71%	11.43%	20.29%	-11.95%	-19.40%	-10.50%	-32.14%	-38.75%	-12.23%	9.50%	9.85%	6.47%	0.70%	-5.98%	-8.03%	-12.33%	-12.64%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-263,653K ÷ $779,364K
= -33.83%

The return on equity (ROE) of Consolidated Communications Holdings Inc has been fluctuating over the past eight quarters. In Q4 2023, the ROE was at -38.17%, showing a sharp decline compared to the previous quarter's -32.86%. This indicates that the company's ability to generate profits from shareholders' equity has significantly decreased.

Looking further back, in Q2 2023, the ROE improved to 7.54%, indicating a brief period of profitability. This was followed by a higher ROE of 17.51% in Q1 2023, suggesting a more pronounced return on equity during that period.

Comparing the most recent quarters to the same periods in the previous year, there is a noticeable increase in ROE in Q4 2023 compared to Q4 2022, where it stood at 9.36%. However, the ROE figures in the preceding quarters of 2023 have not shown consistent improvement compared to the same periods in 2022.

Overall, the recent negative ROE figures indicate operational challenges or financial difficulties for Consolidated Communications Holdings Inc, while the positive ROE figures reflect periods of relative profitability. It is important for the company to address the underlying issues affecting its return on equity to ensure sustainable growth and shareholder value.