Cable One Inc (CABO)
Payables 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 |
| Payables | US$ in thousands | 45,025 | 42,879 | 34,111 | 34,052 | 39,554 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | 15.49 | 16.12 | 20.19 | 20.39 | 17.65 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $697,557K ÷ $45,025K
= 15.49
Based on the data provided, Cable One Inc's payables turnover ratio for each quarter in 2022 and 2023 is calculated to be 0.00. A payables turnover ratio of 0.00 indicates that the company is not effectively managing its accounts payable. This could imply that the company is not paying its suppliers in a timely manner or that there is an issue with the company's credit terms. It is important to investigate further why the payables turnover ratio is consistently at 0.00 to identify any potential weaknesses in the company's financial management practices.
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