EchoStar Corporation (SATS)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,482,553 | 1,828,396 | 1,915,143 | 1,933,970 | 2,033,291 | 1,975,606 | 1,957,556 | 2,000,467 | 1,986,148 | 2,024,663 | 1,986,071 | 1,910,995 | 1,819,466 | 1,829,199 | 1,830,681 | 1,927,588 | 2,025,666 | 2,057,321 | 2,131,820 | 2,120,653 |
| Receivables | US$ in thousands | 1,122,140 | 235,421 | 238,967 | 260,054 | 239,971 | 249,107 | 230,427 | 217,601 | 199,012 | 201,751 | 186,945 | 187,280 | 183,989 | 190,950 | 183,379 | 187,919 | 196,629 | 216,904 | 215,504 | 236,068 |
| Receivables turnover | 4.89 | 7.77 | 8.01 | 7.44 | 8.47 | 7.93 | 8.50 | 9.19 | 9.98 | 10.04 | 10.62 | 10.20 | 9.89 | 9.58 | 9.98 | 10.26 | 10.30 | 9.48 | 9.89 | 8.98 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,482,553K ÷ $1,122,140K
= 4.89
The receivables turnover ratio for EchoStar Corporation has displayed fluctuations over the past few quarters, indicating changes in how efficiently the company collects outstanding receivables.
The data shows that the company's receivables turnover ratio has been generally trending downwards since reaching a peak of 10.62 in the second quarter of 2021. From the fourth quarter of 2021 to the fourth quarter of 2023, the ratio has decreased from 9.98 to 4.89.
A decreasing receivables turnover ratio may suggest that the company is taking longer to collect payments from its customers. This could potentially indicate issues with credit policies, customer payment behavior, or an increase in overdue receivables, which may impact the company's cash flow and working capital management.
It is important for EchoStar Corporation to closely monitor its receivables turnover ratio and take appropriate actions to ensure timely collection of receivables to maintain healthy liquidity and financial stability. Additionally, the company may need to review its credit policies, billing procedures, and collection efforts to improve its receivables turnover ratio in the future.
Peer comparison
Dec 31, 2023