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