EchoStar Corporation (SATS)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 26.87 | 49.60 | 34.13 | 25.74 | 19.69 | 3.80 | 5.37 | 6.09 | 6.97 | 7.40 | 7.56 | 7.42 | 7.60 | 7.44 | 7.81 | 7.65 | 7.60 | 8.14 | 9.27 | 9.05 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 6.99 | — | — | — | — | 0.87 | 0.95 | 1.07 | 1.17 | 1.22 | 1.32 | 1.33 | 1.35 | 1.35 | 1.40 | 1.39 | 1.27 | 1.25 | 1.29 | 0.85 |
Activity ratios provide insights into how efficiently a company manages its resources to generate sales. Let's analyze the activity ratios of EchoStar Corporation based on the provided data:
1. Inventory Turnover: EchoStar's inventory turnover ratio has fluctuated over the years, ranging from 5.37 to 49.60. A higher turnover ratio indicates that the company is selling inventory quickly. The decrease in the ratio from 49.60 in September 2024 to 26.87 in December 2024 may suggest a slowdown in inventory sales efficiency.
2. Receivables Turnover: Data for the receivables turnover ratio is not provided for EchoStar Corporation. This ratio typically indicates how effectively the company collects on credit sales. The absence of data makes it difficult to assess the efficiency of EchoStar's accounts receivable management.
3. Payables Turnover: Similar to receivables turnover, data for payables turnover is not provided. This ratio reflects how efficiently a company pays its suppliers, which is crucial for managing cash flow and relationships with creditors.
4. Working Capital Turnover: EchoStar's working capital turnover has generally declined over the years, suggesting a reduction in sales generated per dollar of working capital. The ratio decreased from 1.40 in June 2021 to 1.17 in December 2022 before data for December 2023 and subsequent periods is not available. This trend may indicate decreasing efficiency in utilizing working capital to drive revenue growth.
In conclusion, EchoStar Corporation's activity ratios demonstrate mixed performance, with fluctuations in inventory turnover and a decline in working capital turnover. The absence of data for receivables and payables turnover limits a comprehensive analysis of the company's efficiency in managing accounts receivable and payables. Further information and analysis would be needed to fully evaluate and interpret EchoStar's activity ratios.
Average number of days
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 13.58 | 7.36 | 10.69 | 14.18 | 18.54 | 95.97 | 67.98 | 59.89 | 52.33 | 49.32 | 48.28 | 49.21 | 48.01 | 49.03 | 46.73 | 47.74 | 48.05 | 44.84 | 39.38 | 40.32 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
EchoStar Corporation's Days of Inventory on Hand (DOH) have shown fluctuations over the periods analyzed. The DOH increased from 40.32 days as of March 31, 2020, to a peak of 95.97 days as of September 30, 2023, indicating a significant increase in the number of days inventory was held. Subsequently, there was a sharp decrease to 7.36 days as of September 30, 2024, which may suggest the company implemented strategies to optimize inventory management.
On the other hand, Days of Sales Outstanding (DSO) and Number of Days of Payables were not available for analysis, as the data was not provided. These ratios could have provided insights into the efficiency of the company's accounts receivable collection and payment cycles, respectively. Without this information, a comprehensive analysis of EchoStar's liquidity and operating efficiency is limited.
In conclusion, while EchoStar Corporation has shown some volatility in its inventory holding period, a complete evaluation of its activity ratios is hindered by the absence of data on DSO and payables turnover. Additional information on these metrics would be necessary to assess the company's operational effectiveness more comprehensively.
Long-term
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | — | 0.82 | 0.83 | 0.84 | 0.83 | 0.81 | 0.79 | 0.80 | 0.79 | 0.76 | 0.75 | 0.75 | 0.80 | 0.79 | 0.81 |
| Total asset turnover | 0.26 | 0.48 | 0.44 | 0.37 | 0.30 | 0.29 | 0.30 | 0.31 | 0.32 | 0.33 | 0.33 | 0.32 | 0.33 | 0.32 | 0.31 | 0.27 | 0.27 | 0.27 | 0.27 | 0.28 |
The fixed asset turnover ratio for EchoStar Corporation has shown a fluctuating trend over the analysis period, starting at 0.81 in March 2020, dipping to 0.75 in December 2020, and then gradually increasing to 0.84 by December 2022. This ratio measures how efficiently the company is generating revenue from its investment in fixed assets, such as property, plant, and equipment.
On the other hand, the total asset turnover ratio, which reflects how well the company is utilizing all its assets to generate revenue, has displayed a more volatile pattern. It began at a low of 0.28 in March 2020, increased to 0.33 by December 2021, and subsequently fluctuated around this level until June 2024, where it spiked to 0.44.
Overall, both ratios provide insights into EchoStar's operational efficiency and asset utilization, showing that the company experienced varying levels of efficiency in generating sales revenue from its fixed assets and total assets over the analysis period. It is essential for EchoStar to monitor these ratios closely to ensure optimal utilization of its assets for sustainable growth and profitability.