EchoStar Corporation (SATS)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,825,500 | 17,015,600 | 1,998,090 | 1,985,720 | 1,887,910 |
| Total assets | US$ in thousands | 60,938,700 | 57,108,900 | 6,199,000 | 6,045,200 | 7,073,350 |
| Total asset turnover | 0.26 | 0.30 | 0.32 | 0.33 | 0.27 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $15,825,500K ÷ $60,938,700K
= 0.26
EchoStar Corporation's total asset turnover has shown some fluctuations over the past five years based on the data provided. The total asset turnover ratio measures the efficiency with which the company generates sales revenue from its assets.
In December 2020, EchoStar Corporation had a total asset turnover ratio of 0.27, indicating that the company generated $0.27 in sales for every dollar of assets. Over the next four years, the ratio increased to 0.33 in December 2021, before decreasing slightly to 0.32 in December 2022 and further to 0.30 in December 2023. This suggests that the company was more efficient in generating sales revenue from its assets in 2021 compared to 2020, but saw a slight decline in efficiency in the following years.
In December 2024, EchoStar Corporation's total asset turnover ratio decreased to 0.26, indicating a lower level of efficiency in generating sales from its assets compared to the previous year. Overall, the trend in total asset turnover seems to be fluctuating, with some improvement initially followed by a slight decline in recent years. Further analysis of the company's operational efficiency and asset management strategies may be required to fully assess the implications of these fluctuations in the total asset turnover ratio.
Peer comparison
Dec 31, 2024