Shenandoah Telecommunications Co (SHEN)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	328,058	315,156	299,399	284,941	287,379	284,881	279,963	274,643	267,371	259,963	255,283	249,962	245,239	240,767	233,696	342,522	436,019	538,884	638,863	628,251
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	786,446	739,587	687,553	641,407	609,785	581,541	610,576	582,751	549,853	468,383	440,427	413,602	703,012	695,920
Fixed asset turnover		—	—	—	—	—	—	0.36	0.37	0.39	0.41	0.42	0.43	0.40	0.41	0.43	0.73	0.99	1.30	0.91	0.90

December 31, 2024 calculation

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

The fixed asset turnover ratio of Shenandoah Telecommunications Co has shown fluctuations over the years. It measures how efficiently the company is generating revenue from its fixed assets. A higher ratio indicates better efficiency in utilizing fixed assets to generate sales.

From March 2020 to December 2021, the fixed asset turnover ratio ranged from 0.40 to 1.30, showing some variability in the company's ability to generate revenue from its fixed assets. The peak ratio of 1.30 in September 2020 indicates that the company generated $1.30 in sales for every $1 invested in fixed assets.

However, from March 2021 onwards, the fixed asset turnover ratio started declining steadily, reaching 0.36 in June 2023. This declining trend suggests that the company may be facing challenges in optimizing the use of its fixed assets to generate sales.

Notably, the data shows that the fixed asset turnover ratio was not available for the periods beyond September 2023. This lack of information makes it difficult to assess the most recent performance in terms of fixed asset turnover.

Overall, the analysis of Shenandoah Telecommunications Co's fixed asset turnover ratio highlights the importance of effectively managing and utilizing fixed assets to drive revenue generation.