Cable One Inc (CABO)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 441,879 | 526,903 | 538,989 | 456,572 | 369,293 |
| Total assets | US$ in thousands | 6,525,900 | 6,846,930 | 6,913,890 | 6,953,990 | 4,488,340 |
| Operating ROA | 6.77% | 7.70% | 7.80% | 6.57% | 8.23% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $441,879K ÷ $6,525,900K
= 6.77%
The operating return on assets (ROA) for Cable One Inc has shown some fluctuations over the years as per the provided data. In 2020, the operating ROA was at 8.23%, indicating that the company generated $8.23 in operating income for every $100 of assets. However, by the end of 2021, this ratio decreased to 6.57%, suggesting a decline in the company's ability to generate operating income from its assets.
In 2022, there was a slight improvement in the operating ROA, reaching 7.80%, showing that the company was able to enhance its operating performance relative to its asset base. This improvement was followed by a marginal dip in 2023, with the operating ROA standing at 7.70%. By the end of 2024, Cable One Inc experienced a further decrease in its operating ROA to 6.77%, indicating a reduction in the company's operating income generated from its assets.
Overall, the trend in Cable One Inc's operating ROA suggests some variability in the company's ability to efficiently utilize its assets to generate operating income during the period analyzed. The management may need to assess and address the factors influencing this ratio to ensure sustainable profitability and efficiency in operations.
Peer comparison
Dec 31, 2024