Cable One Inc (CABO)

Operating 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
Operating income (ttm)	US$ in thousands	526,903	538,351	533,860	519,876	538,989	521,628	511,090	505,443	456,572	525,040	503,670	478,970	469,350	368,073	352,075	335,480	310,451	291,208	274,394	270,948
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
Operating profit margin		35.36%	35.71%	35.12%	34.01%	34.27%	32.87%	31.99%	31.93%	30.78%	35.52%	35.89%	35.66%	35.31%	29.34%	29.29%	28.98%	27.83%	27.30%	26.12%	26.13%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $526,903K ÷ $1,490,288K
= 35.36%

Cable One Inc's operating profit margin has shown a consistent improvement over the past eight quarters, indicating effective cost management and revenue generation strategies. The company's operating profit margin ranged from 29.20% to 32.55% during this period. The upward trend demonstrates an enhancement in efficiency and profitability, with the latest reported figure at 32.16% in Q4 2023. This signifies that for every dollar in sales, the company is able to retain approximately 32.16 cents as operating profit after covering its operating expenses. Overall, Cable One Inc's operating profit margin performance reflects a positive financial trajectory and operational effectiveness.