Cable One Inc (CABO)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,579,541 | 1,604,143 | 1,630,936 | 1,660,499 | 1,678,081 | 1,691,781 | 1,696,151 | 1,701,212 | 1,706,044 | 1,713,117 | 1,718,636 | 1,691,300 | 1,605,836 | 1,510,016 | 1,418,741 | 1,345,295 | 1,325,229 | 1,307,212 | 1,253,241 | 1,210,588 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 1,758,120 | 1,748,220 | 1,735,930 | 1,713,080 | 1,659,770 | 1,631,250 | 1,614,850 | 1,854,100 | 1,801,370 | 1,753,560 | 1,278,970 | 1,265,460 | 1,244,260 | 1,233,420 | 1,210,310 |
| Fixed asset turnover | — | — | — | — | — | 0.96 | 0.97 | 0.98 | 1.00 | 1.03 | 1.05 | 1.05 | 0.87 | 0.84 | 0.81 | 1.05 | 1.05 | 1.05 | 1.02 | 1.00 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,579,541K ÷ $—K
= —
The fixed asset turnover for Cable One Inc has shown some fluctuations over the past few years. From March 31, 2020, to March 31, 2022, the ratio remained relatively stable, ranging between 1.00 and 1.05. This indicates that the company was generating $1.00 to $1.05 in revenue for every dollar invested in fixed assets during this period.
However, from June 30, 2022, to June 30, 2023, the fixed asset turnover ratio declined significantly, dropping to as low as 0.97. This suggests that the company's efficiency in utilizing its fixed assets to generate revenue decreased during this period.
In the most recent data available, the fixed asset turnover continued to decline, reaching 0.96 as of September 30, 2023. This downward trend may raise concerns about the company's ability to effectively utilize its fixed assets to generate revenue.
It is important for Cable One Inc to closely monitor and analyze the factors contributing to the decline in fixed asset turnover to identify any inefficiencies or operational challenges that may be impacting the company's financial performance. Further investigation and strategic adjustments may be necessary to improve the efficiency of fixed asset utilization and enhance overall profitability in the future.
Peer comparison
Dec 31, 2024