Shenandoah Telecommunications Co (SHEN)

Short-term

Turnover ratios

Based on the data provided, the activity ratios of Shenandoah Telecommunications Co can be analyzed as follows:

1. Inventory Turnover: This ratio measures how efficiently the company manages its inventory. The inventory turnover for Shenandoah Telecommunications Co has shown fluctuations over the years. The ratios ranged from a high of 78.20 in June 2020 to a low of 0.08 in June 2021. The company improved its inventory turnover significantly in December 2023 with a ratio of 10.79, indicating better management of inventory during that period. However, there were some periods where inventory turnover was not reported (marked as "—").

2. Receivables Turnover: Unfortunately, data for receivables turnover was not provided for any period, indicating that it was not available or not applicable.

3. Payables Turnover: Similarly, information on payables turnover was not provided for any period, suggesting that the turnover of payables was not disclosed or not applicable.

4. Working Capital Turnover: This ratio assesses how effectively the company generates revenue relative to its working capital. Shenandoah Telecommunications Co demonstrated fluctuations in its working capital turnover, with values ranging from as low as 0.67 in December 2020 to a high of 22.35 in March 2023. The company showed improvements in utilizing its working capital efficiently, with a notable increase in the ratio in March 2023. There were also periods where data was not available (marked as "—").

In summary, Shenandoah Telecommunications Co's activity ratios suggest varying levels of efficiency in managing inventory and working capital over the analyzed periods. The lack of data for receivables and payables turnover limits a comprehensive assessment of the company's overall activity management.

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Average number of days

Shenandoah Telecommunications Co's Days of Inventory on Hand (DOH) ratio fluctuated significantly over the past few years, ranging from as low as 1.97 days to as high as 4,350.02 days. The company experienced a notable increase in inventory holding periods from 2020 to 2021, followed by a gradual decrease through 2023, reaching a low point of 33.84 days by the end of 2023. However, the DOH ratio is not available for the last two reporting periods, which may indicate data unavailability or potential changes in reporting practices.

On the other hand, the Days of Sales Outstanding (DSO) and Number of Days of Payables ratios are not provided for any of the periods, suggesting that data on accounts receivable collection and accounts payable turnover is not available or not disclosed in the financial statements. Without this information, it is challenging to assess the efficiency of Shenandoah Telecommunications Co's sales collection and payment practices.

In conclusion, while the trend in Shenandoah Telecommunications Co's Days of Inventory on Hand ratio shows fluctuations in inventory management efficiency over the years, the absence of data on DSO and payables days limits a comprehensive analysis of the company's overall activity ratios and working capital management.

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Long-term

Shenandoah Telecommunications Co's long-term activity ratios indicate the company's efficiency in managing its fixed assets and total assets.

1. Fixed Asset Turnover: This ratio measures how well the company is utilizing its fixed assets to generate revenue. From March 2020 to June 2022, the fixed asset turnover ratio ranged from 0.90 to 0.42, showing some fluctuations. However, from September 2022 onwards, the ratio remained relatively stable, hovering around 0.41 to 0.39. A decrease in this ratio could suggest inefficiency in utilizing fixed assets efficiently to generate sales.

2. Total Asset Turnover: This ratio indicates how efficiently the company is using all its assets to generate revenue. From March 2020 to June 2024, the total asset turnover ratio declined steadily from 0.34 to 0.18. This decrease could imply that Shenandoah Telecommunications Co may not be generating as much revenue per dollar of assets as before.

Overall, these ratios suggest that Shenandoah Telecommunications Co may need to assess its asset management strategies to improve efficiency and maximize revenue generation from its fixed and total assets.