Frontier Communications Parent Inc (FYBR)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,414,506 | 5,839,000 | 5,789,000 | 5,758,000 | 5,736,000 | 5,747,000 | 5,752,000 | 5,762,000 | 5,769,000 | 5,875,000 | 6,025,000 | 6,182,000 | 6,411,000 | 6,563,000 | 6,713,000 | 6,898,000 | 7,155,000 | -705,000 | -434,000 | -168,000 |
| Total assets | US$ in thousands | 20,614 | 20,859,000 | 20,194,000 | 20,197,000 | 21,613,000 | 20,509,000 | 19,150,000 | 19,398,000 | 18,624,000 | 18,273,000 | 18,035,000 | 16,755,000 | 16,481,000 | 15,388,000 | 15,102,000 | 16,960,000 | 16,795,000 | 16,787,000 | 17,467,000 | 17,488,000 |
| Total asset turnover | 214.15 | 0.28 | 0.29 | 0.29 | 0.27 | 0.28 | 0.30 | 0.30 | 0.31 | 0.32 | 0.33 | 0.37 | 0.39 | 0.43 | 0.44 | 0.41 | 0.43 | -0.04 | -0.02 | -0.01 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,414,506K ÷ $20,614K
= 214.15
Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. In the case of Frontier Communications Parent Inc, the total asset turnover has shown significant fluctuations over the reporting periods. The ratio was negative in the early quarters of 2020, indicating that the company was not effectively utilizing its assets to generate revenue.
However, there was a sharp turnaround by December 2020, with a total asset turnover of 0.43, meaning that Frontier Communications Parent Inc generated $0.43 of revenue for every dollar of assets it held. This positive trend continued through the following quarters of 2021 and most of 2022, with the ratio ranging between 0.30 to 0.44.
Interestingly, in December 2024, there was a dramatic spike in the total asset turnover to 214.15, which signifies an extraordinary level of revenue generation relative to the company's asset base. This sudden increase may be due to various factors such as changes in the company's business model, acquisitions, or accounting adjustments.
Overall, while the total asset turnover ratio for Frontier Communications Parent Inc has fluctuated over the years, the company seems to have improved its efficiency in utilizing its assets to generate revenue, although the extreme increase in December 2024 may warrant further investigation to understand the underlying reasons.
Peer comparison
Dec 31, 2024