Cable One Inc (CABO)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 27.96 | — | — | — | — | 2.66 | 12.75 | 13.87 | — | 12.84 | 12.88 | 16.26 | 9.29 | 12.58 | 11.29 | 14.88 | — | — | — | — |
| Days of sales outstanding (DSO) | days | 23.02 | 20.90 | 17.92 | 11.02 | 18.00 | 15.60 | 18.27 | 14.01 | 20.42 | 19.51 | 19.52 | 12.73 | 22.32 | 28.06 | 19.74 | 17.16 | 13.67 | 0.60 | 0.94 | 1.64 |
| Number of days of payables | days | 23.56 | 22.65 | 18.08 | 17.90 | 20.68 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 27.42 | -1.75 | -0.16 | -6.88 | -2.68 | 18.26 | 31.02 | 27.88 | 20.42 | 32.35 | 32.40 | 28.98 | 31.61 | 40.64 | 31.03 | 32.04 | 13.67 | 0.60 | 0.94 | 1.64 |
December 31, 2023 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 27.96 + 23.02 – 23.56
= 27.42
The cash conversion cycle of Cable One Inc has shown fluctuations over the past 8 quarters. In Q1 2023, the company's cash conversion cycle was 9.90 days, indicating that it took approximately 9.90 days to convert its investments in inventory and other resources into cash received from sales. This suggests efficient management of working capital during that period.
However, in Q4 2023, the cash conversion cycle increased to 20.44 days, indicating a longer time taken to convert investments into cash. This may raise concerns about the company's liquidity and operational efficiency during that quarter.
Overall, the trend shows some variability in the cash conversion cycle, with fluctuations observed from quarter to quarter. It is important for Cable One Inc to continue monitoring and managing its working capital effectively to optimize its cash conversion cycle and ensure healthy liquidity in the long term.
Peer comparison
Dec 31, 2023