EchoStar Corporation (SATS)
Working capital 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 current assets | US$ in thousands | 8,095,740 | 5,000,380 | 2,787,870 | 3,116,540 | 4,891,810 | 2,472,940 | 2,396,780 | 2,179,740 | 2,125,380 | 2,041,070 | 1,957,340 | 1,933,000 | 1,926,900 | 1,954,450 | 1,939,080 | 2,697,400 | 2,908,090 | 2,890,030 | 2,827,520 | 2,767,190 |
| Total current liabilities | US$ in thousands | 5,831,040 | 7,478,920 | 6,976,880 | 7,004,960 | 8,018,590 | 396,679 | 398,181 | 378,173 | 422,831 | 406,216 | 434,363 | 423,674 | 460,123 | 487,297 | 547,104 | 1,331,780 | 1,425,170 | 1,374,730 | 1,361,910 | 446,217 |
| Working capital turnover | 6.99 | — | — | — | — | 0.87 | 0.95 | 1.07 | 1.17 | 1.22 | 1.32 | 1.33 | 1.35 | 1.35 | 1.40 | 1.39 | 1.27 | 1.25 | 1.29 | 0.85 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $15,825,510K ÷ ($8,095,740K – $5,831,040K)
= 6.99
The working capital turnover ratio for EchoStar Corporation has shown fluctuating trends over the years. The ratio measures how efficiently the company utilizes its working capital to generate sales revenue.
From March 31, 2020, to June 30, 2021, the working capital turnover steadily increased from 0.85 to 1.40, indicating an improvement in the efficiency of working capital utilization. However, from September 2021 to March 2023, there was a decline in the ratio from 1.35 to 0.95, suggesting potential challenges in managing working capital effectively.
The ratio reached its lowest point at 0.87 on September 30, 2023, signaling inefficiencies in utilizing working capital to generate sales. Notably, on December 31, 2024, the ratio spiked significantly to 6.99, which may indicate a sudden improvement in working capital management efficiency or could potentially be attributed to specific circumstances.
Overall, the working capital turnover ratio for EchoStar Corporation has displayed fluctuations, emphasizing the importance of effectively managing working capital to optimize operational performance and generate higher sales revenue.
Peer comparison
Dec 31, 2024