Cable One Inc (CABO)

Working capital 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 current assets US$ in thousands 342,378 346,705 500,953 672,813 181,488
Total current liabilities US$ in thousands 202,837 244,155 269,075 221,582 189,542
Working capital turnover 10.68 15.34 6.39 2.95

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,490,330K ÷ ($342,378K – $202,837K)
= 10.68

The working capital turnover for Cable One Inc has been fluctuating over the past five years. In 2023, the working capital turnover ratio stood at 12.03, which indicates that the company generated $12.03 in revenue for every $1 of working capital invested during the year. This metric declined from 16.64 in 2022, suggesting that the company was less efficient in utilizing its working capital to generate revenue in 2023 compared to the previous year.

In 2021, the working capital turnover ratio was 6.93, reflecting an improvement from the prior year but still lower than the levels seen in the following years. The substantial increase in 2022 suggests that the company was more effective in managing its working capital to drive revenue generation during that year.

In 2020, the working capital turnover ratio was 2.94, indicating a significant improvement from the previous year. However, the ratio for 2019 is not available in the provided data. Overall, the fluctuations in the working capital turnover ratio for Cable One Inc indicate varying levels of efficiency in utilizing working capital to generate revenue over the years analyzed.


Peer comparison

Dec 31, 2023