Cable One Inc (CABO)
Profitability ratios
Return on sales
| 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 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% |
| 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% |
| Pretax margin | 23.96% | 11.88% | 13.90% | 14.86% | 22.92% | 30.62% | 28.71% | 29.33% | 22.76% | 26.82% | 29.43% | 29.12% | 28.64% | 24.25% | 23.96% | 22.31% | 20.96% | 20.48% | 19.25% | 20.53% |
| Net profit margin | 17.95% | 4.97% | 6.98% | 7.85% | 14.88% | 23.71% | 22.39% | 24.93% | 19.67% | 22.54% | 24.75% | 22.60% | 22.90% | 20.07% | 19.58% | 18.07% | 16.01% | 15.65% | 14.80% | 15.71% |
Cable One Inc's profitability ratios exhibit a strong performance based on the data provided. The gross profit margin has consistently remained at 100% across all quarters, indicating efficient cost management and pricing strategies. The operating profit margin has shown a stable trend, with an average of around 31-32% over the quarters, signifying effective control over operating expenses.
However, the pretax margin fluctuates notably quarter by quarter, ranging from 10.58% to 28.37%. This volatility may suggest varying levels of non-operating expenses or income impacting the company's profitability before taxes.
The net profit margin has also demonstrated fluctuation but generally maintains a healthy level, averaging around 15-23%. This variability could be due to factors such as changes in tax expenses or non-recurring items affecting the bottom line.
Overall, Cable One Inc's profitability ratios reflect a sound financial performance with consistent gross and operating profit margins, but the fluctuations in pretax and net profit margins indicate some volatility in the company's overall profitability in recent quarters.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 3.91% | 1.08% | 1.54% | 1.75% | 3.39% | 5.43% | 5.19% | 5.67% | 4.20% | 4.83% | 5.08% | 5.59% | 6.78% | 6.58% | 6.29% | 6.34% | 5.67% | 6.40% | 6.10% | 6.21% |
| Return on total capital | 28.15% | 19.19% | 21.00% | 21.58% | 28.34% | 32.41% | 30.53% | 30.17% | 25.15% | 28.90% | 29.98% | 29.35% | 30.38% | 27.16% | 27.08% | 40.76% | 36.31% | 36.97% | 35.33% | 35.97% |
| Return on equity (ROE) | 14.28% | 4.16% | 6.00% | 6.89% | 13.32% | 19.83% | 18.78% | 20.39% | 16.27% | 19.25% | 20.66% | 18.97% | 20.36% | 18.19% | 17.78% | 25.79% | 21.22% | 21.55% | 20.38% | 21.18% |
Cable One Inc's profitability ratios show some fluctuations over the quarters analyzed. The operating return on assets (Operating ROA) has been relatively stable, ranging from 7.10% to 7.97% over the past eight quarters, indicating the company's ability to generate operating income from its assets consistently.
However, the return on assets (ROA) has been more volatile, ranging from 1.08% to 5.43%, with a declining trend in recent quarters. This suggests that while Cable One Inc generates profits from its assets, the efficiency of its asset utilization may have weakened over time.
On the other hand, the return on total capital has also exhibited variations, but with a narrower range compared to ROA, indicating that Cable One Inc is effectively generating returns from both debt and equity investments.
The return on equity (ROE) has shown significant variability, ranging from 4.16% to 20.39% over the analyzed quarters. This suggests that while Cable One Inc is profitable in relation to shareholders' equity, the company's performance in this aspect has been inconsistent.
Overall, while Cable One Inc has demonstrated the ability to generate profits and returns on assets and capital, the fluctuations in ROA and ROE indicate a need for further analysis to assess the factors driving these changes and to ensure sustained profitability in the future.