ViaSat Inc (VSAT)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,756,260 | 5,200,065 | 4,847,760 | 3,764,300 | 3,050,177 | 1,374,196 | 1,445,805 | 2,085,266 | 2,735,121 | 2,640,110 | 2,493,483 | 2,342,710 | 2,207,130 | 2,197,468 | 2,208,737 | 2,246,965 | 2,245,419 | 2,218,315 | 2,179,165 | 2,099,849 |
| Property, plant and equipment | US$ in thousands | 7,557,210 | 7,374,340 | 7,708,060 | 9,162,890 | 4,378,280 | 4,198,130 | 4,002,740 | 3,864,500 | 3,704,990 | 3,603,180 | 3,465,370 | 3,389,440 | 3,050,480 | 2,973,730 | 2,848,640 | 2,715,820 | 2,586,740 | 2,513,010 | 2,363,920 | 2,216,040 |
| Fixed asset turnover | 0.50 | 0.71 | 0.63 | 0.41 | 0.70 | 0.33 | 0.36 | 0.54 | 0.74 | 0.73 | 0.72 | 0.69 | 0.72 | 0.74 | 0.78 | 0.83 | 0.87 | 0.88 | 0.92 | 0.95 |
March 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,756,260K ÷ $7,557,210K
= 0.50
ViaSat Inc's fixed asset turnover ratio has fluctuated over the past few years. The company's fixed asset turnover ratio was relatively low in the most recent quarter, standing at 0.50 compared to the previous quarter where it was 0.71. This indicates that the company generated $0.50 in revenue for every $1 invested in fixed assets during the quarter ending March 31, 2024.
Looking at historical data, it's evident that the fixed asset turnover ratio has shown some variability, ranging between 0.33 and 0.95 over the past few years. The trend seems to show some improvement in efficiency in utilizing fixed assets, as the ratio has generally increased since the low point in the third quarter of 2020.
However, it's important to note that a low fixed asset turnover ratio may suggest inefficiency in asset utilization or potentially underperforming assets. It would be beneficial for ViaSat Inc to continue monitoring and analyzing this ratio to ensure optimal allocation and management of fixed assets to drive profitability and operational performance.
Peer comparison
Mar 31, 2024