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.
Peer comparison
Dec 31, 2023