Cable One Inc (CABO)
Total asset 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,490,288 | 1,507,655 | 1,520,118 | 1,528,658 | 1,572,966 | 1,586,846 | 1,597,835 | 1,583,000 | 1,483,503 | 1,478,312 | 1,403,348 | 1,343,292 | 1,329,068 | 1,254,363 | 1,201,988 | 1,157,573 | 1,115,679 | 1,066,780 | 1,050,561 | 1,036,749 |
| Total assets | US$ in thousands | 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 | 3,151,830 | 2,608,330 | 2,549,450 | 2,624,240 |
| Total asset turnover | 0.22 | 0.22 | 0.22 | 0.22 | 0.23 | 0.23 | 0.23 | 0.23 | 0.21 | 0.21 | 0.21 | 0.25 | 0.30 | 0.33 | 0.32 | 0.35 | 0.35 | 0.41 | 0.41 | 0.40 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,490,288K ÷ $6,846,930K
= 0.22
The total asset turnover for Cable One Inc has been relatively stable over the past eight quarters, ranging between 0.24 and 0.25. This ratio indicates that for every dollar of total assets the company has, they generate approximately 0.24 to 0.25 dollars in revenue.
A total asset turnover ratio of 0.25 implies that Cable One Inc is efficient in generating revenue from its total assets. However, it is important to note that a higher total asset turnover ratio would generally be more favorable as it would indicate that the company is utilizing its assets more efficiently to generate revenue.
Overall, based on the consistent total asset turnover ratio observed for Cable One Inc, the company appears to be effectively utilizing its total assets to generate revenue over the period analyzed.
Peer comparison
Dec 31, 2023