Cable One Inc (CABO)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 267,438 | 74,934 | 106,069 | 120,068 | 234,118 | 376,163 | 357,811 | 394,719 | 291,825 | 333,228 | 347,260 | 303,647 | 304,391 | 251,766 | 235,314 | 209,169 | 178,582 | 166,977 | 155,456 | 162,846 |
| 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 |
| 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% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $267,438K ÷ $6,846,930K
= 3.91%
Cable One Inc's return on assets (ROA) has fluctuated over the past eight quarters, ranging from a high of 5.67% in Q1 2022 to a low of 1.08% in Q3 2023. Generally, a higher ROA indicates a more efficient utilization of assets to generate profits.
The ROA peaked in the middle of 2022 (Q2 and Q3) at over 5%, suggesting strong asset management and profitability during that period. However, there has been a noticeable decline in ROA in recent quarters, dropping to 1.08% in Q3 2023, which may indicate challenges in effectively generating profits from the assets.
It is important for Cable One Inc to closely monitor and analyze the factors impacting its ROA to ensure efficient asset utilization and sustained profitability in the future.
Peer comparison
Dec 31, 2023