Cable One Inc (CABO)
Working capital 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 current assets | US$ in thousands | 279,235 | 335,070 | 332,777 | 341,844 | 342,378 | 394,380 | 314,943 | 330,186 | 346,705 | 381,575 | 396,021 | 467,378 | 500,953 | 598,802 | 554,208 | 1,613,000 | 672,813 | 739,795 | 717,804 | 317,784 |
| Total current liabilities | US$ in thousands | 213,872 | 359,786 | 187,465 | 186,686 | 202,837 | 218,249 | 194,183 | 189,128 | 244,155 | 268,767 | 235,267 | 249,312 | 269,075 | 297,647 | 298,688 | 225,400 | 221,582 | 226,543 | 207,118 | 184,940 |
| Working capital turnover | 24.17 | — | 11.22 | 10.70 | 12.03 | 9.61 | 14.05 | 12.06 | 16.64 | 15.19 | 10.69 | 7.76 | 6.93 | 5.01 | 5.55 | 0.97 | 2.94 | 2.55 | 2.45 | 9.11 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,579,541K ÷ ($279,235K – $213,872K)
= 24.17
The working capital turnover ratio reflects how efficiently a company is utilizing its working capital to generate sales revenue. It is calculated by dividing net sales by average working capital. Looking at the historical data for Cable One Inc's working capital turnover, we can see fluctuations over time.
From March 31, 2020, to September 30, 2021, the working capital turnover ratio ranged between 0.97 to 5.55, indicating variability in the company's ability to convert working capital into sales. During this period, there might have been challenges in managing working capital efficiently and optimizing its utilization.
From December 31, 2021, to December 31, 2024, there was a noticeable improvement in the working capital turnover ratio, with values increasing significantly to reach a peak of 24.17 on December 31, 2024. This indicates a more efficient utilization of working capital to drive sales growth.
The upward trend in the working capital turnover ratio suggests that Cable One Inc has been successful in managing its working capital effectively and maximizing its operational efficiency in generating sales revenue. However, the ratio can be volatile, as seen in the fluctuations over different reporting periods.
Overall, the company's working capital turnover ratio has shown positive momentum, indicating improved efficiency in managing its working capital resources to support the operational needs of the business and drive revenue generation.
Peer comparison
Dec 31, 2024