Cable One Inc (CABO)
Payables 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 |
| Payables | US$ in thousands | 45,025 | 39,554 | — | — | — |
| Payables turnover | 15.49 | 17.72 | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $697,554K ÷ $45,025K
= 15.49
The payables turnover ratio for Cable One Inc has been consistently reported as 0.00 for the past five years (2019-2023). This indicates that the company is not effectively managing its accounts payable during this period. A payables turnover ratio of 0.00 suggests that the company is not utilizing its trade credit efficiently or is taking an excessively long time to pay its suppliers. It is important for Cable One Inc to evaluate and potentially improve its payables turnover ratio in order to enhance cash flow management and maintain positive relationships with its suppliers.
Peer comparison
Dec 31, 2023
Company name
Symbol
Payables turnover
Cable One Inc
CABO
15.49
AMC Networks Inc
AMCX
14.84
Charter Communications Inc
CHTR
6.08
Comcast Corp
CMCSA
1.16
Warner Bros Discovery Inc
WBD
34.09