Cable One Inc (CABO)
Working capital 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 current assets | US$ in thousands | 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 | 181,488 | 196,118 | 155,716 | 242,369 |
| Total current liabilities | US$ in thousands | 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 | 189,542 | 153,179 | 143,048 | 141,204 |
| Working capital turnover | 10.68 | 8.56 | 12.59 | 10.84 | 15.34 | 14.07 | 9.94 | 7.26 | 6.40 | 4.91 | 5.49 | 0.97 | 2.95 | 2.44 | 2.35 | 8.71 | — | 24.84 | 82.93 | 10.25 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,490,288K ÷ ($342,378K – $202,837K)
= 10.68
The working capital turnover of Cable One Inc fluctuated throughout the year, ranging from a low of 7.76 in Q1 2022 to a high of 16.64 in Q4 2022. The company's working capital turnover indicates how efficiently it generates revenue relative to its working capital levels. A higher working capital turnover generally suggests that the company is effectively utilizing its working capital to generate sales.
In the most recent quarter, Q4 2023, Cable One Inc's working capital turnover stood at 12.03, showing a slight decrease from the previous quarter's 9.61. Despite this decline, the company's turnover remains relatively strong compared to earlier quarters in 2023.
Overall, Cable One Inc has demonstrated the ability to efficiently utilize its working capital to generate revenue, as indicated by its working capital turnover performance over the analyzed periods. Monitoring this ratio over time can provide valuable insights into the company's operational efficiency and liquidity management.
Peer comparison
Dec 31, 2023