Cable One Inc (CABO)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 416,819 | 440,916 | 470,916 | 455,352 | 418,704 |
| Inventory | US$ in thousands | — | 53,444 | -25,794 | 21,497 | 13,254 |
| Inventory turnover | — | 8.25 | — | 21.18 | 31.59 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $416,819K ÷ $—K
= —
The inventory turnover of Cable One Inc has exhibited some fluctuations over the years.
- In December 31, 2020, the inventory turnover ratio was 31.59, indicating that the company's inventory was sold and replaced approximately 31.59 times during the year.
- This ratio decreased to 21.18 by December 31, 2021, suggesting that the company's inventory turnover slowed down compared to the previous year.
- However, there is missing data for December 31, 2022 where the inventory turnover ratio is not available for analysis.
- Subsequently, by December 31, 2023, the inventory turnover ratio decreased further to 8.25, indicating a significant decrease in inventory turnover efficiency.
- Again, there is missing data for December 31, 2024, where the inventory turnover ratio is not available for analysis.
Overall, based on the available data, it can be observed that Cable One Inc experienced a decline in inventory turnover efficiency from 2020 to 2023, signifying a potential issue in managing inventory levels and/or sales performance that may require further investigation and corrective action.
Peer comparison
Dec 31, 2024