Shenandoah Telecommunications Co (SHEN)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	328,058	287,379	267,371	245,239	220,775
Property, plant and equipment	US$ in thousands	—	—	687,553	610,576	440,427
Fixed asset turnover		—	—	0.39	0.40	0.50

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $328,058K ÷ $—K
= —

The fixed asset turnover ratio of Shenandoah Telecommunications Co has shown a declining trend over the years, decreasing from 0.50 in December 31, 2020, to 0.40 in December 31, 2021, and further dropping to 0.39 in December 31, 2022. The ratio provides insight into how efficiently the company is utilizing its fixed assets to generate revenue.

The decreasing trend in the fixed asset turnover ratio could indicate potential issues with the company's asset management efficiency. A lower ratio suggests that the company is generating less revenue per dollar invested in fixed assets, which may be a cause for concern.

However, the data for December 31, 2023, and December 31, 2024 is not available (represented as "—"), which limits the ability to analyze the trend further or draw definitive conclusions about the company's fixed asset turnover performance in those years.

It would be advisable for Shenandoah Telecommunications Co to closely monitor and assess their management of fixed assets to improve efficiency and strive for better utilization of these assets in generating revenue.