Cable One Inc (CABO)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 527,287 | 345,968 | 371,305 | 375,990 | 498,163 | 614,939 | 581,831 | 584,217 | 451,038 | 500,270 | 503,853 | 469,733 | 454,315 | 376,034 | 358,387 | 330,505 | 305,544 | 286,445 | 269,552 | 276,620 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| 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% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $527,287K ÷ ($—K + $1,873,140K)
= 28.15%
Cable One Inc's return on total capital has shown relatively stable performance over the past eight quarters. The return on total capital has ranged from 8.62% to 9.32% during this period, indicating consistent efficiency in generating returns from its total capital base. The average return on total capital over this period is approximately 9.03%, suggesting that the company has been effectively utilizing its total capital to generate profits for its shareholders. The company's ability to maintain a stable and relatively high return on total capital is a positive indicator of its operational efficiency and financial strength.
Peer comparison
Dec 31, 2023