Frontier Communications Parent Inc (FYBR)
Return on assets (ROA)
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income (ttm) | US$ in thousands | 29,000 | 167,000 | 276,000 | 379,000 | 441,000 | -4,223,000 | -4,383,000 | -4,424,000 | -4,539,000 | -15,000 | -156,000 | -402,000 | -514,000 | -874,000 | -6,010,000 | -5,911,000 | -5,968,000 | -6,049,000 | -750,000 | -643,000 |
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 |
ROA | 0.14% | 0.81% | 1.44% | 1.95% | 2.37% | -23.11% | -24.30% | -26.40% | -27.54% | -0.12% | -0.92% | -2.39% | -3.06% | -5.00% | -34.37% | -33.80% | -33.98% | -34.44% | -3.21% | -2.72% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $29,000K ÷ $20,693,000K
= 0.14%
Frontier Communications Parent Inc's return on assets (ROA) has displayed significant variability over the historical periods analyzed. ROA is a measure of a company's profitability relative to its total assets, indicating how efficiently the company is utilizing its assets to generate earnings.
From Dec 31, 2018, to Sep 30, 2022, the company experienced a downward trend in ROA, with negative values indicating that the company's assets were not effectively generating profits during this period. This could be a sign of inefficiency in asset utilization, poor financial management, or operational challenges.
However, starting from Dec 31, 2022, there was a notable positive reversal in the ROA trend, with increasing percentages seen in each subsequent quarter. This improvement suggests that the company has made efforts to enhance its asset efficiency and profitability.
The most recent ROA of 1.95% as of Mar 31, 2023, indicates that for every dollar of assets, the company generated approximately 1.95 cents in profit. While this is an improvement from the negative ROAs in the preceding periods, it is essential for Frontier Communications Parent Inc to sustain this positive trajectory to ensure continued profitability and operational success.
Peer comparison
Dec 31, 2023