Cable One Inc (CABO)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | 8.25 | — | — | — | — | 93.09 | — | 17.31 | 21.18 | 19.57 | 20.65 | 17.54 | 31.59 | 23.73 | 27.05 | 20.67 | |
| DOH | days | — | — | — | — | 44.24 | — | — | — | — | 3.92 | — | 21.09 | 17.23 | 18.65 | 17.68 | 20.81 | 11.55 | 15.38 | 13.50 | 17.66 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) ratio measures how efficiently a company manages its inventory by indicating the number of days it takes to sell its average inventory. In the case of Cable One Inc, the trend of the DOH ratio over the past few quarters is as follows:
- March 31, 2020: 17.66 days
- December 31, 2021: 11.55 days
- June 30, 2022: Not available
- September 30, 2022: 3.92 days
- December 31, 2023: 44.24 days
The DOH ratio for Cable One Inc decreased from 17.66 days to 11.55 days from March 31, 2020, to December 31, 2021, indicating a more efficient management of inventory during this period. However, the ratio is not available for June 30, 2022, suggesting incomplete data or a specific event affecting inventory management that quarter.
The DOH ratio then sharply dropped to 3.92 days by September 30, 2022, which could signal either improved inventory management efficiency or a reduction in inventory levels. Subsequently, on December 31, 2023, the ratio spiked to 44.24 days. Such a significant increase in inventory days on hand may be an indication of overstocking, slow-moving inventory, or inefficiencies in inventory management processes.
It is important for Cable One Inc to closely monitor and analyze its DOH ratio regularly to ensure optimal inventory management practices. Unusually high or low values compared to industry benchmarks or historical data warrant further investigation to address any potential issues impacting the company's financial performance and working capital management.
Peer comparison
Dec 31, 2024