Cable One Inc (CABO)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 697,554 | 700,772 | 686,083 | 520,821 | 461,807 |
| Inventory | US$ in thousands | 53,444 | -25,794 | 0 | 13,254 | -2,146 |
| Inventory turnover | 13.05 | — | — | 39.30 | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $697,554K ÷ $53,444K
= 13.05
To calculate Cable One Inc's inventory turnover for each year, the formula is:
Inventory Turnover = Cost of Goods Sold / Average Inventory
However, without specific data on the Cost of Goods Sold and the Inventory for each year, we are unable to calculate the exact figures. Generally, a higher inventory turnover indicates that the company is selling its inventory more quickly, which can be a positive indicator of efficient operations. Conversely, a lower inventory turnover may suggest overstocking or slow-moving inventory.
It is crucial for Cable One Inc to monitor its inventory turnover over time to assess inventory management efficiency and make informed decisions regarding procurement and sales strategies. Additional information is required to provide a more detailed analysis of Cable One Inc's inventory turnover.
Peer comparison
Dec 31, 2023