Cable One Inc (CABO)

Working capital 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 current assets US$ in thousands 279,235 342,378 346,705 500,953 672,813
Total current liabilities US$ in thousands 213,872 202,837 244,155 269,075 221,582
Working capital turnover 24.17 12.03 16.64 6.93 2.94

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,579,540K ÷ ($279,235K – $213,872K)
= 24.17

The working capital turnover of Cable One Inc has shown a significant upward trend over the past five years. Starting at 2.94 in December 31, 2020, the company's efficiency in utilizing its working capital increased to 6.93 by December 31, 2021, demonstrating an improvement in its operational efficiency. This trend continued with a substantial increase to 16.64 by December 31, 2022, indicating that Cable One Inc is utilizing its working capital more effectively to generate sales.

However, there was a slight decrease in the working capital turnover to 12.03 by December 31, 2023, suggesting a temporary slowdown in the company's operational efficiency. Nonetheless, Cable One Inc quickly rebounded, reaching a new high of 24.17 by December 31, 2024, showcasing a strong performance in converting its working capital into revenue.

Overall, Cable One Inc's working capital turnover ratio reflects a positive trend, indicating the company's ability to efficiently manage its working capital and generate sales, with a notable surge in effectiveness in the most recent year.


Peer comparison

Dec 31, 2024

Company name
Symbol
Working capital turnover
Cable One Inc
CABO
24.17
Charter Communications Inc
CHTR
Comcast Corp
CMCSA
Warner Bros Discovery Inc
WBD