Frontier Communications Parent Inc (FYBR)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	5,751,000	5,787,000	6,411,000	7,155,000	8,107,000
Total assets	US$ in thousands	20,693,000	18,624,000	16,481,000	16,795,000	17,488,000
Total asset turnover		0.28	0.31	0.39	0.43	0.46

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $5,751,000K ÷ $20,693,000K
= 0.28

Frontier Communications Parent Inc's total asset turnover has shown a declining trend over the past five years. The ratio has decreased from 0.46 in 2019 to 0.28 in 2023, indicating that the company's ability to generate revenue from its total assets has weakened. This downward trend may suggest inefficiencies in the utilization of the company's assets to generate sales, which could be a concern for investors and stakeholders. Further analysis and investigation into the company's operations and asset management practices are recommended to identify potential areas for improvement.