Shenandoah Telecommunications Co (SHEN)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	-24,626	-19,293	-10,799	3,863	8,038	3,626	-695	-5,710	-8,379	-5,155	890,631	947,278	999,402	1,047,276	189,139	164,964	126,723	90,969	70,402	54,305
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
ROA		-1.42%	-1.14%	-0.65%	0.27%	0.66%	0.34%	-0.07%	-0.57%	-0.86%	-0.56%	99.91%	107.25%	112.20%	80.99%	8.94%	7.92%	6.24%	4.55%	3.74%	2.93%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $-24,626K ÷ $1,740,270K
= -1.42%

Shenandoah Telecommunications Co's return on assets (ROA) has shown significant fluctuations over the past few years, ranging from positive to negative values. The ROA increased steadily from March 2020 to June 2022, indicating an improvement in the company's efficiency in generating profits relative to its total assets. The ROA reached its peak in December 2021 at 112.20%, reflecting a period of strong profitability.

However, starting from September 2022, the ROA turned negative and continued to decline until December 2024. This negative trend could suggest potential issues with the company's asset management or declining profitability relative to its asset base during this period.

Overall, the fluctuating ROA trend for Shenandoah Telecommunications Co indicates varying levels of efficiency and profitability in utilizing its assets to generate earnings over the years, with a noticeable shift from positive to negative values in the latter part of the observed period. Further analysis of the company's financial performance and asset management practices may be necessary to fully understand the reasons behind these fluctuations.