Frontier Communications Parent Inc (FYBR)
Total 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 |
Total assets | US$ in thousands | 20,693,000 | 20,509,000 | 19,150,000 | 19,398,000 | 18,624,000 | 18,273,000 | 18,035,000 | 16,755,000 | 16,481,000 | 13,000,000 | 16,960,000 | 16,795,000 | 16,787,000 | 17,467,000 | 17,488,000 | 17,488,000 | 17,561,000 | 17,565,000 | 23,362,000 | 23,659,000 |
Total asset turnover | 0.28 | 0.28 | 0.30 | 0.30 | 0.31 | 0.32 | 0.34 | 0.37 | 0.40 | 0.52 | 0.41 | 0.43 | 0.44 | 0.44 | 0.45 | 0.46 | 0.47 | 0.48 | 0.36 | 0.36 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,751,000K ÷ $20,693,000K
= 0.28
Total asset turnover for Frontier Communications Parent Inc has been relatively stable over the past few years, ranging between 0.28 and 0.52. The ratio measures the company's ability to generate sales from its assets, with a higher ratio indicating more efficient asset utilization.
In this case, the decreasing trend in total asset turnover from 0.52 to 0.28 indicates that the company may be experiencing challenges in generating sales from its assets. A declining total asset turnover may suggest inefficiencies in asset management or declining sales relative to the size of the asset base.
It is essential for Frontier Communications Parent Inc to closely monitor and improve its total asset turnover to ensure optimal utilization of assets and enhance overall operational efficiency. Management should focus on strategies to drive sales growth, streamline operations, and optimize asset utilization to improve the company's financial performance.
Peer comparison
Dec 31, 2023