EchoStar Corporation (SATS)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 16,002,285 | 893,870 | 907,508 | 891,457 | 914,002 | 933,832 | 945,760 | 948,438 | 953,467 | 965,444 | 977,135 | 996,360 | 1,031,674 | 1,038,621 | 1,038,398 | 1,094,177 | 1,109,583 | 1,218,320 | 1,231,315 | 1,367,821 |
| Inventory | US$ in thousands | 665,169 | 167,511 | 151,508 | 137,634 | 625,979 | 115,549 | 110,596 | 110,001 | 103,084 | 103,233 | 96,227 | 95,632 | 97,992 | 93,751 | 83,559 | 88,446 | 79,621 | 83,397 | 73,345 | 76,114 |
| 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 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $16,002,285K ÷ $665,169K
= 24.06
Inventory turnover measures how many times a company's inventory is sold and replaced over a specific period. For EchoStar Corporation, the inventory turnover has fluctuated over the past few quarters. The highest inventory turnover in the data provided was 24.06, which occurred at the end of December 2023, indicating that the company sold and replaced its inventory more than 24 times during that quarter.
On the other hand, the lowest inventory turnover during the period was 1.46 at the end of December 2022, suggesting that the company's inventory turnover was the lowest at that time, meaning it took longer to sell and replace inventory.
Overall, a higher inventory turnover ratio indicates that the company is efficiently managing its inventory by quickly selling and replacing it. However, a consistently low inventory turnover may suggest overstocking or slow sales. It's important for EchoStar Corporation to analyze the reasons behind these fluctuations in inventory turnover to optimize its inventory management practices.
Peer comparison
Dec 31, 2023
Dec 31, 2023