Cable One Inc (CABO)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 792,731 | 816,588 | 831,455 | 834,198 | 874,994 | 880,833 | 876,559 | 863,202 | 801,818 | 846,442 | 825,964 | 813,062 | 808,247 | 861,605 | 835,649 | 806,874 | 777,856 | 728,957 | 710,483 | 708,380 |
| 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 |
| Gross profit margin | 53.19% | 54.16% | 54.70% | 54.57% | 55.63% | 55.51% | 54.86% | 54.53% | 54.05% | 57.26% | 58.86% | 60.53% | 60.81% | 68.69% | 69.52% | 69.70% | 69.72% | 68.33% | 67.63% | 68.33% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $792,731K ÷ $1,490,288K
= 53.19%
Based on the data provided, Cable One Inc has consistently maintained a gross profit margin of 100.00% across all quarters presented. A gross profit margin of 100.00% implies that the company is able to generate revenue sufficient to cover all its direct costs of goods sold, resulting in no cost of goods sold being deducted from its revenue. This indicates strong cost management and efficient operations in achieving high profitability at the gross profit level. Nonetheless, it is also important to consider other aspects of the company's operations and financial performance to gain a more comprehensive understanding of its overall financial health and sustainability.
Peer comparison
Dec 31, 2023