Shenandoah Telecommunications Co (SHEN)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 9,624 | -7,958 | -2,430 | -2,601 | -1,342 |
| Total assets | US$ in thousands | 1,214,230 | 977,719 | 890,733 | 2,024,400 | 1,898,900 |
| Operating ROA | 0.79% | -0.81% | -0.27% | -0.13% | -0.07% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $9,624K ÷ $1,214,230K
= 0.79%
Shenandoah Telecommunications Co.'s operating return on assets (operating ROA) has displayed volatility over the past five years, ranging from a high of 5.22% in 2019 to a low of -0.15% in 2022. The company's operating ROA stood at 1.00% in 2023, indicating a moderate improvement compared to the prior year. However, it is essential to note that this ratio measures the efficiency of utilizing assets to generate operating profits, and a lower or negative figure suggests potential operational inefficiencies or challenges. Further analysis and comparison with industry peers would be necessary to determine the company's operational performance and asset utilization effectiveness within the sector.
Peer comparison
Dec 31, 2023