EchoStar Corporation (SATS)
Working capital 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 current assets | US$ in thousands | 8,095,740 | 4,891,810 | 2,125,380 | 1,926,900 | 2,908,090 |
| Total current liabilities | US$ in thousands | 5,831,040 | 8,018,590 | 422,831 | 460,123 | 1,425,170 |
| Working capital turnover | 6.99 | — | 1.17 | 1.35 | 1.27 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $15,825,500K ÷ ($8,095,740K – $5,831,040K)
= 6.99
The working capital turnover ratio for EchoStar Corporation has exhibited fluctuations over the years. In 2020, the ratio stood at 1.27 and increased to 1.35 by December 31, 2021, indicating an improvement in how efficiently the company converted its working capital into revenue. However, by the end of 2022, the ratio decreased to 1.17, suggesting a potential decline in the efficiency of working capital management.
It is noteworthy that the data for December 31, 2023 is missing, indicating a potential gap in available information for that period. The working capital turnover ratio significantly spiked to 6.99 by December 31, 2024, reflecting a sharp increase in the efficiency of working capital utilization.
Overall, the trend in the working capital turnover ratio for EchoStar Corporation shows some variability, with a noteworthy surge in efficiency by the end of 2024. This metric is crucial for assessing how effectively the company leverages its working capital to generate revenue and may indicate shifts in operational efficiency and liquidity management strategies over the analyzed period.
Peer comparison
Dec 31, 2024