Cable One Inc (CABO)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,579,541 | 1,604,143 | 1,630,936 | 1,660,499 | 1,678,081 | 1,691,781 | 1,696,151 | 1,701,212 | 1,706,044 | 1,713,117 | 1,718,636 | 1,691,300 | 1,605,836 | 1,510,016 | 1,418,741 | 1,345,295 | 1,325,229 | 1,307,212 | 1,253,241 | 1,210,588 |
| Total assets | US$ in thousands | 6,525,900 | 6,660,680 | 6,827,640 | 6,840,180 | 6,846,930 | 6,911,780 | 6,882,740 | 6,879,350 | 6,913,890 | 6,932,250 | 6,895,080 | 6,959,420 | 6,953,990 | 6,900,600 | 6,830,000 | 5,432,260 | 4,488,340 | 3,826,810 | 3,743,450 | 3,298,360 |
| Total asset turnover | 0.24 | 0.24 | 0.24 | 0.24 | 0.25 | 0.24 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.24 | 0.23 | 0.22 | 0.21 | 0.25 | 0.30 | 0.34 | 0.33 | 0.37 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,579,541K ÷ $6,525,900K
= 0.24
Based on the provided data, Cable One Inc's total asset turnover has shown a declining trend over the past few years. The total asset turnover ratio measures how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover indicates better efficiency in generating sales from its assets.
From March 2020 to December 2020, the total asset turnover decreased from 0.37 to 0.30, reflecting a reduction in the company's ability to generate revenue from its assets. This trend continued in the subsequent quarters, with the ratio further declining to 0.21 by June 2021.
Although there was a slight improvement in the ratio from March 2022 to September 2023, with the total asset turnover stabilizing around 0.25, it dipped again to 0.24 by December 2024. This suggests that Cable One Inc may be facing challenges in effectively utilizing its assets to drive revenue growth.
Overall, the declining trend in total asset turnover for Cable One Inc indicates a need for the company to enhance its asset management and operational efficiency to improve its revenue generation capabilities in the future.
Peer comparison
Dec 31, 2024