Cable One Inc (CABO)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,490,288 | 1,507,655 | 1,520,118 | 1,528,658 | 1,572,966 | 1,586,846 | 1,597,835 | 1,583,000 | 1,483,503 | 1,478,312 | 1,403,348 | 1,343,292 | 1,329,068 | 1,254,363 | 1,201,988 | 1,157,573 | 1,115,679 | 1,066,780 | 1,050,561 | 1,036,749 |
| Property, plant and equipment | US$ in thousands | 1,784,210 | 1,747,470 | 1,736,270 | 1,724,660 | 1,701,760 | 1,659,770 | 1,631,250 | 1,602,490 | 1,854,100 | 1,801,370 | 1,753,560 | 1,278,970 | 1,265,460 | 1,244,260 | 1,233,420 | 1,210,310 | 1,201,270 | 997,145 | 977,398 | 965,396 |
| Fixed asset turnover | 0.84 | 0.86 | 0.88 | 0.89 | 0.92 | 0.96 | 0.98 | 0.99 | 0.80 | 0.82 | 0.80 | 1.05 | 1.05 | 1.01 | 0.97 | 0.96 | 0.93 | 1.07 | 1.07 | 1.07 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,490,288K ÷ $1,784,210K
= 0.84
The fixed asset turnover ratio for Cable One Inc has been relatively stable over the past eight quarters, ranging from 0.94 to 1.06. This ratio indicates how efficiently the company is generating revenue from its investment in fixed assets. A higher fixed asset turnover ratio is generally preferred as it suggests that the company is effectively utilizing its fixed assets to generate sales.
From the data provided, we can see that the fixed asset turnover ratio has been gradually decreasing since Q4 2022, where it was at its peak at 1.06. This downward trend may indicate a potential decrease in efficiency in generating revenue from the company's fixed assets. However, it is important to note that a fixed asset turnover ratio of around 1.00 is still considered reasonable and may vary depending on the industry and company's specific circumstances.
Overall, while Cable One Inc's fixed asset turnover ratio has shown some variation in the recent quarters, it remains within a reasonable range and warrants further investigation to determine the underlying factors influencing the company's efficiency in utilizing its fixed assets to generate revenue.
Peer comparison
Dec 31, 2023