EchoStar Corporation (SATS)
Total asset 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 |
| Total assets | US$ in thousands | 57,108,900 | 6,230,460 | 6,237,040 | 6,193,790 | 58,748,300 | 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 | 7,154,300 | 7,037,750 | 7,950,090 | 8,778,890 |
| Total asset turnover | 0.10 | 0.29 | 0.31 | 0.31 | 0.03 | 0.32 | 0.32 | 0.32 | 0.33 | 0.33 | 0.32 | 0.27 | 0.26 | 0.26 | 0.26 | 0.28 | 0.28 | 0.29 | 0.27 | 0.24 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,482,553K ÷ $57,108,900K
= 0.10
The total asset turnover ratio for EchoStar Corporation has shown fluctuations over the periods provided. The ratio measures the company's efficiency in generating sales revenue relative to its total assets. A higher ratio indicates that the company is more effective in utilizing its assets to generate revenue.
From the data provided, we can observe that the total asset turnover ratio ranged between 0.10 and 0.33. In the earlier periods, the ratio was relatively low, indicating lower efficiency in utilizing assets to generate sales. However, in more recent periods, the ratio increased, suggesting an improvement in asset utilization efficiency.
It is important to note that a total asset turnover ratio of 0.10 in one period indicates that for every dollar of assets, the company generated $0.10 in sales revenue. A ratio of 0.33 in another period suggests an increase in sales generated per dollar of assets to $0.33.
Overall, an increasing trend in total asset turnover indicates that EchoStar Corporation is becoming more efficient in utilizing its assets to generate revenue, which is a positive sign for the company's financial performance. However, it is essential to monitor this ratio consistently to ensure sustained efficiency in asset utilization.
Peer comparison
Dec 31, 2023