EchoStar Corporation (SATS)

Number of days of payables

		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
Payables turnover		20.67	10.86	9.96	10.39	0.89	9.83	9.12	8.67	8.72	8.69	8.03	9.36	8.43	9.35	9.21	10.20	8.94	9.96	11.62	11.82
Number of days of payables	days	17.65	33.60	36.65	35.12	408.74	37.14	40.01	42.10	41.86	41.98	45.44	39.01	43.29	39.04	39.63	35.78	40.82	36.65	31.40	30.89

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 20.67
= 17.65

The number of days of payables for EchoStar Corporation has shown fluctuations over the past five years, ranging from as high as 408.74 days at the end of December 2022 to as low as 17.65 days at the end of December 2023. The significant decrease in days of payables from 408.74 days to 17.65 days within a year indicates an improvement in the company's ability to settle its payables more efficiently.

Overall, EchoStar's days of payables have been relatively volatile, with periods of both higher and lower values. The decreasing trend in recent quarters suggests that the company may be focusing on managing its payables more effectively or negotiating better payment terms with its suppliers. However, the company should continue to monitor and optimize its payables turnover ratio to maintain a healthy working capital position and ensure sustainable financial operations.