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.