EchoStar Corporation (SATS)
Total asset 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 |
| Total assets | US$ in thousands | 57,108,900 | 58,748,300 | 6,045,200 | 7,073,350 | 7,154,300 |
| Total asset turnover | 0.27 | 0.03 | 0.33 | 0.25 | 0.25 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $15,266,000K ÷ $57,108,900K
= 0.27
The total asset turnover ratio measures how efficiently a company is generating revenues relative to its total assets. In the case of EchoStar Corporation, we observe fluctuations in the total asset turnover ratio over the past five years.
In 2023, the total asset turnover ratio stands at 0.27. This suggests that for every dollar of total assets, the company generated $0.27 in revenue. The increase from the previous year indicates improved efficiency in asset utilization.
Conversely, in 2022, the total asset turnover ratio was significantly lower at 0.03. This indicates a significant decline in revenue generation relative to total assets compared to the previous year, reflecting potential inefficiencies in asset utilization.
In 2021, the ratio improved to 0.33, indicating that the company generated $0.33 in revenue for every dollar of total assets. This signifies a more efficient use of assets to generate revenue compared to the prior year.
Similarly, in 2020 and 2019, the total asset turnover ratio was 0.25 in both years. This suggests consistent performance in terms of revenue generation relative to total assets across these two years.
Overall, the analysis of EchoStar Corporation's total asset turnover ratio reveals fluctuations in the company's efficiency in utilizing assets to generate revenue over the past five years. Further investigation into the underlying factors driving these fluctuations could provide valuable insights into the company's operational performance and potential areas for improvement.
Peer comparison
Dec 31, 2023