Frontier Communications Parent Inc (FYBR)

Fixed asset turnover

		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	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	Dec 31, 2018
Revenue (ttm)	US$ in thousands	5,751,000	5,762,000	5,770,000	5,780,000	5,787,000	5,893,000	6,065,000	6,282,000	6,530,000	6,713,000	6,898,000	7,155,000	7,402,000	7,673,000	7,939,000	8,107,000	8,289,000	8,418,000	8,513,000	8,611,000
Property, plant and equipment	US$ in thousands	13,933,000	13,621,000	13,353,000	12,748,000	11,850,000	10,847,000	10,108,000	9,575,000	9,199,000	8,686,000	12,987,000	12,931,000	12,858,000	12,845,000	12,890,000	12,963,000	12,973,000	12,999,000	14,034,000	14,187,000
Fixed asset turnover		0.41	0.42	0.43	0.45	0.49	0.54	0.60	0.66	0.71	0.77	0.53	0.55	0.58	0.60	0.62	0.63	0.64	0.65	0.61	0.61

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,751,000K ÷ $13,933,000K
= 0.41

Frontier Communications Parent Inc's fixed asset turnover has fluctuated over the past few years. The ratio has shown a general declining trend since 2018, indicating that the company is generating less revenue relative to its investment in fixed assets.

The fixed asset turnover ratio was at its peak in Q1 2021 at 0.77, suggesting that the company was more efficient in generating revenue from its fixed assets during that period. However, the ratio has since decreased, reaching a low of 0.41 in Dec 2023.

A low fixed asset turnover ratio may indicate that the company is not effectively utilizing its fixed assets to generate revenue. This could be a concern as it may imply inefficient asset management or underutilization of resources.

Overall, Frontier Communications Parent Inc's fixed asset turnover ratio highlights the need for the company to reevaluate its strategies to improve efficiency in utilizing its fixed assets to generate revenue.