Cable One Inc (CABO)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 6,846,930 | 6,911,780 | 6,882,740 | 6,879,350 | 6,913,890 | 6,932,250 | 6,895,080 | 6,959,420 | 6,953,990 | 6,900,600 | 6,830,000 | 5,432,260 | 4,488,340 | 3,826,810 | 3,743,450 | 3,298,360 | 3,151,830 | 2,608,330 | 2,549,450 | 2,624,240 |
| Operating ROA | 7.70% | 7.79% | 7.76% | 7.56% | 7.80% | 7.52% | 7.41% | 7.26% | 6.57% | 7.61% | 7.37% | 8.82% | 10.46% | 9.62% | 9.41% | 10.17% | 9.85% | 11.16% | 10.76% | 10.32% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $526,903K ÷ $6,846,930K
= 7.70%
Operating return on assets (Operating ROA) is a key financial ratio that assesses a company's operational efficiency in generating profits from its assets. Cable One Inc's Operating ROA has exhibited a consistent positive trend over the past eight quarters, with values ranging from 7.10% to 7.97%. The company's latest Operating ROA in Q4 2023 stands at 7.88%, indicating that for every dollar of assets employed, Cable One Inc generated a return of 7.88 cents through its operations.
The historical progression of Cable One Inc's Operating ROA reflects a stable operational performance, with incremental improvements seen over time. The upward trend in Operating ROA suggests that the company has been effectively utilizing its assets to generate operational profits. This efficiency in asset utilization is a positive indicator of Cable One Inc's operational effectiveness and profitability.
Overall, Cable One Inc's Operating ROA analysis underscores the company's ability to generate strong returns from its operational activities relative to its asset base. The consistency and upward trajectory of the Operating ROA indicate a favorable operational efficiency and profitability for Cable One Inc in the periods examined.
Peer comparison
Dec 31, 2023