Cable One Inc (CABO)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,579,540 | 1,678,080 | 1,706,040 | 1,605,840 | 1,325,230 |
| Property, plant and equipment | US$ in thousands | — | — | 1,713,080 | 1,854,100 | 1,265,460 |
| Fixed asset turnover | — | — | 1.00 | 0.87 | 1.05 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,579,540K ÷ $—K
= —
The fixed asset turnover ratio measures a company's ability to generate sales revenue from its investment in fixed assets. Looking at Cable One Inc's fixed asset turnover over the past few years, we see a slight decline in the ratio from 1.05 in December 2020 to 0.87 in December 2021, indicating a decrease in the company's efficiency in utilizing its fixed assets to generate sales.
In December 2022, the fixed asset turnover improved to 1.00, showing a recovery in the efficiency of asset utilization. However, for December 2023 and December 2024, the data is not available (denoted by "—"), making it difficult to assess the company's performance in those years.
Overall, Cable One Inc's fixed asset turnover ratio has shown some fluctuations, with a decrease followed by a recovery. It's essential for the company to consistently monitor and improve its asset utilization efficiency to sustain and enhance its financial performance in the long term.
Peer comparison
Dec 31, 2024