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.