Shenandoah Telecommunications Co (SHEN)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	918,583	925,358	933,082	871,643	652,670	654,363	649,425	642,780	638,007	642,511	643,370	644,329	642,275	648,766	687,787	633,954	582,394	548,182	511,457	480,650
ROE		-2.68%	-2.08%	-1.16%	0.44%	1.23%	0.55%	-0.11%	-0.89%	-1.31%	-0.80%	138.43%	147.02%	155.60%	161.43%	27.50%	26.02%	21.76%	16.59%	13.76%	11.30%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-24,626K ÷ $918,583K
= -2.68%

Shenandoah Telecommunications Co's return on equity (ROE) has exhibited significant fluctuations over the period from March 31, 2020, to December 31, 2024. The ROE started at a relatively moderate 11.30% in March 2020 and showed a consistent upward trend, reaching its peak at 27.50% in June 2021.

However, there was an unexpected surge in ROE to 161.43% in September 2021, followed by another high figure of 155.60% in December 2021. These exceptionally high ROE numbers may indicate anomalies or irregularities that require further investigation.

Subsequently, the ROE experienced a sharp decline, falling into negative territory starting from September 2022 (-0.80%), with further deterioration in subsequent periods. The negative values highlight potential inefficiencies or challenges in the company's operations that are impacting its profitability.

As of December 31, 2024, the ROE stands at -2.68%, reflecting a negative trend that raises concerns about Shenandoah Telecommunications Co's ability to generate returns for its shareholders based on its equity.

Overall, the fluctuating pattern of ROE suggests varying levels of profitability and efficiency in managing shareholder equity during the period under review, indicating the need for a closer examination of the company's financial performance and operational strategies.