Lumen Technologies Inc (LUMN)

Operating return on assets (Operating 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	Sep 30, 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
Operating income (ttm)	US$ in thousands	-9,584,000	-11,092,000	-9,931,000	-598,000	95,000	4,540,000	4,287,000	4,381,000	4,285,000	1,315,000	1,072,000	969,000	962,000	3,618,000	3,680,000	3,753,000	-2,726,000	-5,414,000	-5,470,000	-5,679,000
Total assets	US$ in thousands	34,018,000	35,921,000	36,168,000	45,530,000	45,612,000	54,817,000	57,675,000	58,037,000	57,993,000	58,308,000	58,947,000	58,828,000	59,394,000	62,599,000	64,171,000	64,056,000	64,742,000	64,728,000	64,508,000	64,788,000
Operating ROA		-28.17%	-30.88%	-27.46%	-1.31%	0.21%	8.28%	7.43%	7.55%	7.39%	2.26%	1.82%	1.65%	1.62%	5.78%	5.73%	5.86%	-4.21%	-8.36%	-8.48%	-8.77%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-9,584,000K ÷ $34,018,000K
= -28.17%

Lumen Technologies Inc's operating return on assets (operating ROA) has exhibited a gradual decline over the last 8 quarters, starting at 7.55% in Q1 2022 and decreasing to 3.62% in Q4 2023. This trend suggests a decrease in the company's ability to generate operating income from its assets over time. While there were fluctuations in the operating ROA figures quarter to quarter, the overall downward trajectory indicates potential inefficiencies in asset utilization and/or decreases in operating income generation. Further analysis is recommended to identify the underlying factors contributing to this trend and develop strategies to improve the company's operating performance.