Cable One Inc (CABO)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 267,436 | 234,118 | 291,824 | 304,391 | 178,582 |
| Total assets | US$ in thousands | 6,846,930 | 6,913,890 | 6,953,990 | 4,488,340 | 3,151,830 |
| ROA | 3.91% | 3.39% | 4.20% | 6.78% | 5.67% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $267,436K ÷ $6,846,930K
= 3.91%
Cable One Inc's return on assets (ROA) has fluctuated over the five-year period from 2019 to 2023. In 2019, the company achieved an ROA of 5.67%, which decreased to 6.78% in 2020 before declining further to 4.20% in 2021. However, in 2022 and 2023, Cable One Inc showed signs of improvement, with ROA increasing to 3.39% and 3.91%, respectively.
The downward trend in ROA from 2019 to 2021 may suggest that Cable One Inc was facing challenges in generating earnings from its assets efficiently during those years. It is noteworthy that the company managed to reverse this trend and improve its ROA in 2022 and 2023, indicating a potential turnaround in asset utilization and profitability.
Overall, Cable One Inc's ROA performance indicates fluctuations in the company's ability to generate profits relative to its assets over the five-year period, with recent improvements suggesting a positive trajectory in asset efficiency and profitability. Monitoring future ROA trends will be essential to assess the company's ongoing financial performance and operational effectiveness.
Peer comparison
Dec 31, 2023