Cable One Inc (CABO)
Total asset 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 |
| Total assets | US$ in thousands | 6,846,930 | 6,913,890 | 6,953,990 | 4,488,340 | 3,151,830 |
| Total asset turnover | 0.22 | 0.23 | 0.21 | 0.30 | 0.35 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,490,330K ÷ $6,846,930K
= 0.22
Cable One Inc's total asset turnover has shown a declining trend over the past five years. The ratio decreased from 0.37 in 2019 to 0.25 in 2023. This indicates that the company generated $0.25 in revenue for every $1 of total assets in 2023. The decrease in total asset turnover could suggest that Cable One Inc is becoming less efficient in generating sales from its asset base. Further analysis and comparison with industry peers may be necessary to evaluate the company's asset utilization efficiency effectively.
Peer comparison
Dec 31, 2023
Company name
Symbol
Total asset turnover
Cable One Inc
CABO
0.22
AMC Networks Inc
AMCX
0.52
Charter Communications Inc
CHTR
0.37
Comcast Corp
CMCSA
0.46
Warner Bros Discovery Inc
WBD
0.32