Cable One Inc (CABO)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 14,480 | 267,436 | 234,118 | 291,824 | 304,391 |
| Total assets | US$ in thousands | 6,525,900 | 6,846,930 | 6,913,890 | 6,953,990 | 4,488,340 |
| ROA | 0.22% | 3.91% | 3.39% | 4.20% | 6.78% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $14,480K ÷ $6,525,900K
= 0.22%
Cable One Inc's return on assets (ROA) has declined from 6.78% as of December 31, 2020, to 4.20% as of December 31, 2021. This decrease may indicate a decrease in the company's profitability in relation to its assets during that period. The trend continued with further decreases to 3.39% as of December 31, 2022, and 3.91% as of December 31, 2023.
However, there was a significant drop in ROA to 0.22% as of December 31, 2024. This sharp decline suggests a substantial decrease in the company's ability to generate profits from its assets. It would be advisable for stakeholders to closely monitor Cable One Inc's asset management efficiency and profitability to understand the underlying factors contributing to this notable reduction in ROA. Additional analysis of the company's financial performance and operational strategies may be warranted to address this decline and explore potential avenues for improvement.
Peer comparison
Dec 31, 2024