Shenandoah Telecommunications Co (SHEN)

Return on assets (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
Net income (ttm)	US$ in thousands	8,038	3,626	-695	-5,710	-8,379	-5,155	890,394	946,810	998,830	1,046,643	188,316	164,016	125,673	91,002	70,862	55,120	55,956	56,265	57,445	53,922
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
ROA		0.66%	0.34%	-0.07%	-0.57%	-0.86%	-0.56%	99.89%	107.20%	112.14%	80.94%	8.90%	7.88%	6.21%	4.55%	3.77%	2.98%	2.95%	3.04%	3.15%	3.00%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $8,038K ÷ $1,214,230K
= 0.66%

Shenandoah Telecommunications Co.'s return on assets (ROA) experienced fluctuations over the past eight quarters. In Q4 2023, the ROA stood at 0.66%, representing a positive return on the company's assets. This was an improvement compared to the previous quarter, where the ROA was at 0.34%.

In the first two quarters of 2023, Shenandoah Telecommunications Co. experienced negative returns on its assets, with ROA figures of -0.07% in Q2 and -0.57% in Q1. These negative returns indicate that the company's assets were not generating sufficient income during those periods.

The ROA significantly declined in the previous year, with Q4 2022 showing an ROA of -0.86% and Q3 2022 at -0.62%. However, there was a dramatic increase in ROA in Q2 2022 and Q1 2022, reporting figures of 99.85% and 107.18%, respectively. This sudden increase is quite unusual and may be due to specific events, such as asset sales or significant one-time gains.

Overall, the analysis of Shenandoah Telecommunications Co.'s ROA reveals fluctuating performance in utilizing its assets to generate profits over the observed quarters. It is essential for the company to closely monitor and improve its asset management efficiency to ensure sustainable and positive returns in the future.