EchoStar Corporation (SATS)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 15,825,510 | 27,568,370 | 24,090,464 | 20,590,823 | 17,015,580 | 1,805,636 | 1,889,949 | 1,936,156 | 1,998,093 | 1,996,881 | 2,004,154 | 2,004,672 | 1,985,720 | 1,976,349 | 1,945,191 | 1,904,823 | 1,887,907 | 1,897,640 | 1,896,400 | 1,974,058 |
| Total assets | US$ in thousands | 60,938,700 | 57,547,400 | 55,255,200 | 55,556,400 | 57,108,900 | 6,230,460 | 6,237,040 | 6,193,790 | 6,199,000 | 6,125,300 | 6,118,520 | 6,169,750 | 6,045,200 | 6,182,360 | 6,209,610 | 6,951,810 | 7,073,350 | 7,025,540 | 6,976,190 | 6,959,620 |
| 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $15,825,510K ÷ $60,938,700K
= 0.26
Total asset turnover is a financial ratio that measures a company's ability to generate sales from its assets. A higher total asset turnover generally indicates that the company is more efficient in utilizing its assets to generate revenue.
Looking at the data provided for EchoStar Corporation, we can see that the total asset turnover ratio fluctuated over the quarters. It decreased from 0.28 in March 2020 to 0.27 in June 2020, and remained relatively stable at 0.27 for the next few quarters.
There was a noticeable increase in total asset turnover starting from June 2021, where it rose to 0.31 and continued to improve to 0.33 by December 2021 and remained in that range. However, there was a slight dip to 0.29 in September 2023, followed by an increase to 0.37 in March 2024, reaching its peak at 0.48 in September 2024.
Overall, the total asset turnover ratio for EchoStar Corporation has shown some variability over the quarters, with periods of stability and significant improvement. The recent peak ratio of 0.48 in September 2024 indicates that the company has been more effective in generating sales from its assets during that period.
Peer comparison
Dec 31, 2024