Frontier Communications Parent Inc (FYBR)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 29,000 | 441,000 | -72,000 | -402,000 | -5,911,000 |
| Total stockholders’ equity | US$ in thousands | 5,279,000 | 5,134,000 | 4,600,000 | -4,900,000 | -4,394,000 |
| ROE | 0.55% | 8.59% | -1.57% | — | — |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $29,000K ÷ $5,279,000K
= 0.55%
Frontier Communications Parent Inc's return on equity (ROE) has exhibited fluctuations over the past five years. In 2023, the ROE stands at 0.55%, indicating a relatively low return generated on shareholders' equity. This contrasts sharply with the significantly higher ROE of 8.59% recorded in 2022, suggesting a decline in profitability or efficiency in utilizing equity in the most recent period.
The negative ROE of -1.57% in 2021 signifies that the company incurred a loss, resulting in a shortfall in returns compared to shareholder investments. The absence of ROE figures for 2020 and 2019 may indicate incomplete or unavailable financial data for those years.
The trend in ROE suggests fluctuations in the company's efficiency in generating profits from shareholder equity, with the recent drop in 2023 potentially indicating challenges in profitability or operational performance. Further analysis is recommended to identify the underlying factors contributing to these variations and to assess the company's financial health and future prospects.
Peer comparison
Dec 31, 2023