Cable One Inc (CABO)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,490,330 | 1,572,960 | 1,482,430 | 1,329,070 | 1,092,070 |
| Receivables | US$ in thousands | 93,973 | 77,574 | 82,987 | 81,265 | 41,799 |
| Receivables turnover | 15.86 | 20.28 | 17.86 | 16.35 | 26.13 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,490,330K ÷ $93,973K
= 15.86
The receivables turnover ratio for Cable One Inc has exhibited a declining trend over the past five years, indicating a decrease in the company's efficiency in collecting receivables. The ratio decreased from 30.38 in 2019 to 17.86 in 2023. This could suggest potential issues with the company's credit policies, collection practices, or an increase in credit sales relative to cash sales. A lower receivables turnover ratio may imply that the company is taking longer to convert its accounts receivable into cash, which could potentially lead to liquidity challenges. Further investigation into the reasons behind this declining trend is warranted to assess the overall health of Cable One Inc's receivables management.
Peer comparison
Dec 31, 2023