Shenandoah Telecommunications Co (SHEN)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	300,501	301,022	297,724	292,123	285,771	273,763	264,883	257,462	249,739	245,267	241,096	344,678	431,664	534,529	624,303	609,113	611,175	611,662	613,833	761,706
Total assets	US$ in thousands	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	2,024,400	2,001,300	1,880,580	1,850,780	1,898,900	1,850,870	1,822,040	1,799,710
Total asset turnover		0.25	0.28	0.29	0.29	0.29	0.30	0.30	0.29	0.28	0.19	0.11	0.17	0.21	0.27	0.33	0.33	0.32	0.33	0.34	0.42

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $300,501K ÷ $1,214,230K
= 0.25

Shenandoah Telecommunications Co.'s total asset turnover has shown consistency in the range of 0.24 to 0.29 over the past eight quarters. This metric indicates that, on average, the company generates between $0.24 to $0.29 in revenue for every dollar of assets it holds. Despite some fluctuations, the trend suggests that the company is efficiently utilizing its assets to generate revenue. The relatively stable total asset turnover ratio may indicate effective management of assets over time. Further analysis of the company's operations and industry benchmarks could provide more insights into its asset utilization efficiency.