ViaSat Inc (VSAT)
Days of sales outstanding (DSO)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 3.09 | 9.97 | 7.55 | 9.15 | 6.73 | |
| DSO | days | 117.95 | 36.62 | 48.36 | 39.88 | 54.25 |
March 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.09
= 117.95
ViaSat Inc's Days Sales Outstanding (DSO) has shown significant fluctuations over the past five years. DSO increased sharply from 36.62 days in 2023 to 117.95 days in 2024, indicating a deterioration in the company's ability to collect payments from customers. This suggests that ViaSat Inc may be facing challenges in managing its accounts receivable efficiently.
Comparing DSO to previous years, the company's performance in collecting payments has been inconsistent. In 2022, DSO was 48.36 days, which was an improvement from 2019 and 2020 but still higher than in 2021. The decline in DSO from 54.25 days in 2020 to 39.88 days in 2021 was a positive trend, showing that the company was able to collect payments more quickly.
Overall, the significant increase in DSO in 2024 raises concerns about ViaSat Inc's liquidity and cash flow management. The company may need to review its credit policies, collection procedures, and customer creditworthiness to improve its DSO and ensure timely inflow of cash from sales.
Peer comparison
Mar 31, 2024