Shenandoah Telecommunications Co (SHEN)

Return on equity (ROE)

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 stockholders’ equity US$ in thousands 652,670 654,363 649,425 642,780 638,007 642,511 643,370 644,329 642,275 642,852 682,110 628,507 577,051 548,182 511,457 480,650 468,135 477,839 464,034 454,599
ROE 1.23% 0.55% -0.11% -0.89% -1.31% -0.80% 138.40% 146.95% 155.51% 162.81% 27.61% 26.10% 21.78% 16.60% 13.85% 11.47% 11.95% 11.77% 12.38% 11.86%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $8,038K ÷ $652,670K
= 1.23%

Shenandoah Telecommunications Co.'s return on equity (ROE) has exhibited fluctuating trends over the past eight quarters. In the most recent quarter, Q4 2023, the company reported an ROE of 1.23%, showing a slight improvement compared to the previous quarter. However, it is worth noting that the ROE had been negative for several quarters prior to that.

The ROE in Q3 and Q2 of 2023 stood at 0.55% and -0.11%, respectively, while in Q1 2023, it dropped to -0.89%. This negative trend was consistent with the ROE performance in Q4 2022, where the company recorded an ROE of -1.31%, indicating potential profitability challenges or inefficiencies in generating returns for shareholders.

On the other hand, in the two quarters preceding that, Q2 and Q1 of 2022, Shenandoah Telecommunications Co. exhibited exceptionally high ROE levels, standing at 138.34% and 146.93%, respectively. These exceptional figures suggest that the company had been able to deliver substantial returns to shareholders during that period.

Overall, the significant variance in ROE across the quarters indicates volatility in the company's profitability and efficiency in utilizing shareholder equity to generate earnings. Further analysis and examination of the company's financial performance and operational strategies would be necessary to understand the factors driving these fluctuations in ROE.