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.
Peer comparison
Dec 31, 2023