Cable One (BSP:C1AB34) ROCE % : 11.90% (As of Dec. 2023)

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What is Cable One ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Cable One's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.90%.

Cable One ROCE % Historical Data

The historical data trend for Cable One's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cable One ROCE % Chart

Cable One Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.19

13.66

8.53

7.39

8.44

Cable One Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															0.95	8.20	7.67	6.75	11.90

Cable One ROCE % Calculation

Cable One's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	2849.444	/	( ( (36266.119 - 1280.691)	+	(33548.602 - 993.861) )	/ 2 )
	=	2849.444	/	( (34985.428	+	32554.741)	/ 2 )
	=	2849.444	/	33770.0845
	=	8.44 %

Cable One's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	3904.612	/	( ( (34135.183 - 1077.866)	+	(33548.602 - 993.861) )	/ 2 )
	=	3904.612	/	( ( 33057.317	+	32554.741 )	/ 2 )
	=	3904.612	/	32806.029
	=	11.90 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Cable One (BSP:C1AB34) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Cable One ROCE % Related Terms

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Cable One (BSP:C1AB34) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Cable One Inc (BSP:C1AB34) » Definitions » ROCE %

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CABO:USA

Address

210 East Earll Drive, Phoenix, AZ, USA, 85012

Website

https://www.sparklight.com

Cable One Inc is a telecommunications company. It derives revenue from the provision of broadband, voice, and video services to residential and business customers. From a product perspective, the majority of revenue is sourced from data and video services. This revenue is subscription-based and billed monthly. The company also offers Sparklight TV, an internet protocol-based (IPTV) video service that allows customers with our Sparklight TV app to stream our video channels from the cloud. The company also derives advertising revenue from selling airtime on its video channels. Voice services are offered over Internet protocols. The company owns a telecommunications infrastructure.

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