Cable One Inc (CABO)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,579,540 | 1,678,080 | 1,706,040 | 1,605,840 | 1,325,230 |
| Total assets | US$ in thousands | 6,525,900 | 6,846,930 | 6,913,890 | 6,953,990 | 4,488,340 |
| Total asset turnover | 0.24 | 0.25 | 0.25 | 0.23 | 0.30 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,579,540K ÷ $6,525,900K
= 0.24
The total asset turnover ratio for Cable One Inc has exhibited a downward trend over the past five years, starting at 0.30 in December 31, 2020, and gradually declining to 0.24 by December 31, 2024. This ratio indicates that the company generated $0.30 in revenue for every dollar of total assets in 2020, which dropped to $0.24 by 2024.
A lower total asset turnover ratio suggests that Cable One Inc may be less efficient in utilizing its assets to generate sales revenue. This downward trend could be a cause for concern as it may indicate potential inefficiencies in the company's operations or declining sales relative to its asset base. It would be advisable for stakeholders to further investigate the reasons behind this trend and assess strategies to improve asset utilization and revenue generation efficiency.
Peer comparison
Dec 31, 2024