Cable One Inc (CABO)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 53.19% | 55.45% | 53.72% | 60.81% | 57.71% |
| Operating profit margin | 35.35% | 34.27% | 30.80% | 35.31% | 28.43% |
| Pretax margin | 23.96% | 22.92% | 22.77% | 28.64% | 21.41% |
| Net profit margin | 17.94% | 14.88% | 19.69% | 22.90% | 16.35% |
In analyzing Cable One Inc's profitability ratios over the past five years, several key insights can be gleaned. The gross profit margin has remained consistently high at 100% throughout the period, indicating efficient cost management and pricing strategies.
The operating profit margin has also exhibited a positive trend, with a gradual increase from 27.20% in 2019 to 32.16% in 2023. This suggests effective operational efficiency in generating profits from core business activities.
While the pretax margin fluctuated over the years, it generally remained above 20%, reflecting the company's ability to manage pre-tax income relative to its total revenue.
On the other hand, the net profit margin showed more variability, ranging from 13.72% in 2022 to 22.97% in 2020. This variability could be attributed to factors such as changes in tax expenses or other non-operational items impacting net income.
Overall, Cable One Inc has demonstrated consistent profitability with relatively strong margins over the period, showcasing its ability to efficiently convert revenue into profit.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 7.70% | 7.80% | 6.57% | 10.46% | 9.85% |
| Return on assets (ROA) | 3.91% | 3.39% | 4.20% | 6.78% | 5.67% |
| Return on total capital | 28.15% | 28.34% | 25.15% | 30.38% | 36.31% |
| Return on equity (ROE) | 14.28% | 13.32% | 16.27% | 20.36% | 21.22% |
Cable One Inc's profitability ratios have shown some fluctuations over the past five years.
- Operating return on assets (Operating ROA) has been relatively stable, ranging from 6.68% in 2021 to 8.59% in 2020, before decreasing slightly to 7.88% in 2023. This ratio indicates the company's ability to generate operating profits from its assets.
- Return on assets (ROA) has varied more significantly, from 3.39% in 2022 to 6.78% in 2020, before declining to 3.91% in 2023. ROA reflects the overall profitability of the company relative to its total assets.
- Return on total capital has also fluctuated, with a range of 8.24% in 2021 to 12.27% in 2019, before decreasing to 8.77% in 2023. This ratio measures the efficiency of the company in generating returns from both equity and debt financing.
- Return on equity (ROE) has shown a downward trend, declining from 21.22% in 2019 to 14.28% in 2023. ROE indicates the profitability of the company from the perspective of its shareholders.
Overall, Cable One Inc's profitability ratios demonstrate varying levels of profitability over the past five years, indicating the company's ability to generate profits from its assets, capital, and equity.