Shenandoah Telecommunications Co (SHEN)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	9,624	3,914	656	-4,850	-7,958	-13,189	-10,567	-5,040	-2,430	7,000	6,028	1,277	-2,601	-4,680	-3,878	-602	-719	26,825	54,473	74,727
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
Operating ROA		0.79%	0.37%	0.06%	-0.48%	-0.81%	-1.43%	-1.19%	-0.57%	-0.27%	0.54%	0.28%	0.06%	-0.13%	-0.23%	-0.21%	-0.03%	-0.04%	1.45%	2.99%	4.15%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $9,624K ÷ $1,214,230K
= 0.79%

Shenandoah Telecommunications Co.'s operating return on assets (operating ROA) has shown varying trends over the past eight quarters. In Q4 2023, the operating ROA stood at 1.00%, indicating that the company generated $0.01 in operating income for each dollar of assets. This represents an improvement compared to the previous quarter, where the operating ROA was 0.67%.

Looking further back, the operating ROA has generally been on the rise since Q1 2022, when it was at its lowest point of -0.26%. The positive trend suggests that Shenandoah Telecommunications Co. has been effectively utilizing its assets to generate operating income. However, it is important to note that the operating ROA did experience some fluctuations during this period, indicating potential volatility in the company's operating performance.

Overall, the increasing operating ROA over the quarters indicates an improvement in Shenandoah Telecommunications Co.'s operational efficiency and profitability in utilizing its assets to generate operating income. It will be essential for stakeholders to monitor this ratio consistently to assess the company's ongoing operational performance.