Cable One Inc (CABO)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 697,557 | 691,067 | 688,663 | 694,460 | 697,972 | 706,013 | 721,276 | 719,798 | 681,685 | 631,870 | 577,384 | 530,230 | 520,821 | 516,742 | 490,323 | 474,683 | 461,807 | 444,961 | 447,216 | 435,507 |
| Inventory | US$ in thousands | 53,444 | -31,767 | -30,852 | -23,707 | -25,794 | 5,137 | 25,192 | 27,344 | 0 | 22,223 | 20,367 | 23,615 | 13,254 | 17,811 | 15,170 | 19,353 | — | — | — | — |
| Inventory turnover | 13.05 | — | — | — | — | 137.44 | 28.63 | 26.32 | — | 28.43 | 28.35 | 22.45 | 39.30 | 29.01 | 32.32 | 24.53 | — | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $697,557K ÷ $53,444K
= 13.05
Based on the provided data, Cable One Inc's inventory turnover ratio for Q3 2022 was reported as 0.00. This indicates that the company did not have any inventory turnover during that period. A turnover ratio of 0.00 suggests that Cable One Inc did not sell any inventory during Q3 2022, which could be due to various reasons such as low sales volume, overstocked inventory, or inefficient inventory management practices.
It is important for Cable One Inc to closely monitor and improve their inventory turnover ratio in order to optimize their inventory management and cash flow. A low or zero inventory turnover ratio can tie up capital in unsold inventory and indicate potential inefficiencies in the company's operations. Cable One Inc may benefit from reevaluating their inventory levels, streamlining their supply chain, and implementing better forecasting methods to improve inventory turnover and overall operational efficiency.
Peer comparison
Dec 31, 2023
Dec 31, 2023