Frontier Communications Parent Inc (FYBR)
Working capital 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 current assets | US$ in thousands | 2,781,000 | 2,798,000 | 1,761,000 | 2,544,000 | 2,597,000 | 3,078,000 | 3,502,000 | 2,688,000 | 2,688,000 | 1,625,000 | 2,847,000 | 2,654,000 | 2,638,000 | 3,219,000 | 3,202,000 | 3,037,000 | 3,009,000 | 2,614,000 | 1,110,000 | 1,330,000 |
| Total current liabilities | US$ in thousands | 2,275,000 | 2,051,000 | 2,067,000 | 2,311,000 | 2,295,000 | 1,977,000 | 1,779,000 | 1,713,000 | 1,451,000 | 1,391,000 | 7,151,000 | 7,140,000 | 7,112,000 | 7,812,000 | 19,229,000 | 2,804,000 | 2,740,000 | 2,300,000 | 2,010,000 | 2,561,000 |
| Working capital turnover | 11.37 | 7.71 | — | 24.81 | 19.16 | 5.35 | 3.52 | 6.44 | 5.28 | 28.69 | — | — | — | — | — | 34.79 | 30.81 | 26.81 | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,751,000K ÷ ($2,781,000K – $2,275,000K)
= 11.37
The working capital turnover ratio for Frontier Communications Parent Inc has shown significant fluctuations over the past years, indicating varying efficiency in managing its working capital. A high working capital turnover ratio implies that the company is effectively utilizing its working capital to generate revenue, while a low ratio may signify inefficiencies in managing current assets and liabilities.
In December 2023, the working capital turnover ratio was 11.37, which suggests that for every dollar of working capital invested, the company generated $11.37 in revenue during that period. This indicates a relatively efficient use of working capital.
However, in September 2023, the ratio dropped to 7.71, which could imply a decrease in the company's ability to convert working capital into revenue efficiently compared to the previous period. The absence of data for the working capital turnover in the second quarter of 2023 limits a detailed analysis for that period.
The significant increase in the working capital turnover ratio to 24.81 in March 2023 signals a notable improvement in the company's efficiency in utilizing its working capital to generate revenue. This rapid increase may indicate a more effective management of current assets and liabilities during that quarter.
Overall, the fluctuating nature of Frontier Communications Parent Inc's working capital turnover ratio underscores the importance of closely monitoring the company's ability to effectively deploy its working capital resources to drive revenue generation.
Peer comparison
Dec 31, 2023