EchoStar Corporation (SATS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,825,500 | 17,015,600 | 1,998,090 | 1,985,720 | 1,887,910 |
| Property, plant and equipment | US$ in thousands | — | — | 2,389,140 | 2,487,480 | 2,518,620 |
| Fixed asset turnover | — | — | 0.84 | 0.80 | 0.75 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $15,825,500K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures the efficiency of a company in generating revenue from its fixed assets. It indicates how well a company is utilizing its long-term assets to generate sales.
Analyzing the fixed asset turnover of EchoStar Corporation over the past years shows a gradual improvement in the efficiency of utilizing its fixed assets. The fixed asset turnover ratio has increased from 0.75 in December 31, 2020, to 0.80 in December 31, 2021, and further to 0.84 in December 31, 2022.
The increase in the fixed asset turnover ratio suggests that EchoStar Corporation has been able to generate more revenue from its fixed assets over time. This could be due to better management of its fixed assets, leading to increased productivity and sales.
However, the data for December 31, 2023, and December 31, 2024, is not available, making it challenging to assess the ongoing trend in fixed asset turnover for these years. It would be crucial for EchoStar Corporation to continue monitoring and improving its fixed asset turnover ratio to ensure optimal utilization of its long-term assets and enhance profitability.
Peer comparison
Dec 31, 2024