Shenandoah Telecommunications Co (SHEN)

Total 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
Total assets	US$ in thousands	1,740,270	1,694,810	1,656,330	1,445,920	1,214,230	1,058,710	1,027,460	1,006,640	977,719	922,458	891,417	883,251	890,733	1,293,090	2,115,230	2,082,310	2,031,710	2,001,300	1,880,580	1,850,780
Total asset turnover		0.19	0.19	0.18	0.20	0.24	0.27	0.27	0.27	0.27	0.28	0.29	0.28	0.28	0.19	0.11	0.16	0.21	0.27	0.34	0.34

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $328,058K ÷ $1,740,270K
= 0.19

Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its assets. Shenandoah Telecommunications Co's total asset turnover has shown a declining trend over the past few years, starting at 0.34 in March 2020 and decreasing to 0.19 in September 2024. This indicates that the company is becoming less efficient in utilizing its assets to generate sales.

The ratio peaked at 0.34 in June 2020 but saw a significant drop to 0.16 in March 2021, suggesting a sharp decline in sales relative to its total assets during that period. Although there was a slight improvement in the ratio in the following quarters, it has not returned to its initial levels.

Overall, the decreasing total asset turnover ratio for Shenandoah Telecommunications Co may raise concerns about the company's asset management and its ability to generate sales from its investment in assets. It is important for the company to address this trend and improve its asset utilization efficiency to enhance its overall financial performance.