EchoStar Corporation (SATS)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,266,000 | 2,033,290 | 1,986,150 | 1,801,530 | 1,803,760 |
| Receivables | US$ in thousands | 1,122,140 | 239,971 | 199,012 | 183,989 | 196,629 |
| Receivables turnover | 13.60 | 8.47 | 9.98 | 9.79 | 9.17 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $15,266,000K ÷ $1,122,140K
= 13.60
The receivables turnover of EchoStar Corporation has shown variability over the past five years. The ratio has been consistently above 8 times, indicating that the company is efficient in collecting outstanding receivables from customers. In the most recent year, ending December 31, 2023, the receivables turnover ratio increased significantly to 13.60, reflecting an improvement in the company's ability to collect receivables compared to the previous years. This may suggest that EchoStar has implemented more effective credit and collection policies or has been successful in managing its receivables more efficiently. Overall, a higher receivables turnover ratio signifies a shorter time span within which the company collects its credit sales, indicating healthier liquidity and potentially lower credit risk.
Peer comparison
Dec 31, 2023