Cable One Inc (CABO)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,873,140 | 1,802,730 | 1,767,740 | 1,742,610 | 1,757,970 | 1,897,130 | 1,905,500 | 1,936,150 | 1,793,100 | 1,731,220 | 1,680,840 | 1,600,650 | 1,495,300 | 1,384,400 | 1,323,550 | 810,891 | 841,569 | 774,759 | 762,908 | 769,035 |
| 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% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $267,438K ÷ $1,873,140K
= 14.28%
The return on equity (ROE) for Cable One Inc has varied over the past eight quarters. In Q4 2023, the ROE was 14.28%, which signifies the company generated a return of 14.28% on shareholder equity during that period. This was an improvement compared to Q3 2023, where the ROE was 4.16%. However, Q3 2023 had the lowest ROE among the quarters analyzed.
The ROE for Cable One Inc has generally been fluctuating within a moderate range over the periods examined. Q2 2022 had the highest ROE at 20.39%, followed closely by Q3 2022 and Q4 2022, which recorded ROEs of 19.83% and 13.32%, respectively.
Overall, while Cable One Inc experienced some volatility in its ROE, it managed to generate relatively healthy returns on shareholder equity during the periods under review. It is crucial for the company to monitor and analyze the factors impacting its ROE to ensure sustainable and efficient utilization of shareholder funds.
Peer comparison
Dec 31, 2023