EchoStar Corporation (SATS)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 24.06 | 5.34 | 5.99 | 6.48 | 1.46 | 8.08 | 8.55 | 8.62 | 9.25 | 9.35 | 10.15 | 10.42 | 10.53 | 11.08 | 12.43 | 12.37 | 13.94 | 14.61 | 16.79 | 17.97 | |
| DOH | days | 15.17 | 68.40 | 60.94 | 56.35 | 249.98 | 45.16 | 42.68 | 42.33 | 39.46 | 39.03 | 35.94 | 35.03 | 34.67 | 32.95 | 29.37 | 29.50 | 26.19 | 24.99 | 21.74 | 20.31 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 24.06
= 15.17
The days of inventory on hand (DOH) for EchoStar Corporation have fluctuated over the past several quarters.
In Q4 2019, the company had 21.74 days of inventory on hand, which then decreased to 24.99 days in Q1 2020, indicating efficient inventory management. Subsequently, there was a notable increase to 26.19 days in Q2 2020, followed by further increases in Q3 and Q4 2020 to 29.50 days and 32.95 days, respectively. This trend suggests a buildup of inventory levels that may have impacted working capital needs.
However, in Q1 2021, there was a significant decrease to 35.03 days, followed by further improvements in Q2 and Q3 2021 to 35.94 days and 39.03 days, respectively. The trend continued with reductions in Q4 2021 to 39.46 days, indicating improved inventory turnover.
Notably, in Q1 2022, the DOH decreased significantly to 42.33 days, showing continued efficient inventory management. This was followed by increases in Q2 and Q3 2022 to 42.68 days and 45.16 days, respectively. The unexpected spike to 249.98 days in Q4 2022 could be due to various factors like inventory obsolescence, overestimation of demand, or supply chain disruptions.
The trend reversed in Q1 2023 with a marked improvement to 56.35 days, signaling potential adjustments made by the company to optimize inventory levels. Subsequently, in Q2 and Q3 2023, the DOH further declined to 60.94 days and 68.40 days, respectively.
Overall, although there were fluctuations in the DOH for EchoStar Corporation, the recent trend indicates a positive direction towards more effective inventory management strategies. Monitoring and controlling inventory levels will be crucial for the company to ensure optimal working capital utilization and operational efficiency in the future.
Peer comparison
Dec 31, 2023