ViaSat Inc (VSAT)
Fixed asset turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,519,570 | 4,522,500 | 4,527,270 | 4,630,430 | 4,283,761 | 3,799,850 | 3,322,754 | 2,754,017 | 2,652,449 | 2,688,054 | 2,756,327 | 2,800,998 | 2,787,635 | 2,681,713 | 2,537,555 | 2,390,479 | 2,256,107 | 2,252,046 | 2,264,711 | 2,302,689 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | 9,605,540 | 4,378,280 | 4,198,130 | 4,002,740 | 3,864,500 | 4,098,090 | 3,603,180 | 3,805,530 | 3,734,100 | 3,050,480 | 2,973,730 | 2,848,640 | 2,715,820 |
| Fixed asset turnover | — | — | — | — | — | — | — | 0.29 | 0.61 | 0.64 | 0.69 | 0.72 | 0.68 | 0.74 | 0.67 | 0.64 | 0.74 | 0.76 | 0.80 | 0.85 |
March 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,519,570K ÷ $—K
= —
Fixed asset turnover is a measure used to evaluate a company's efficiency in generating sales revenue from its investment in fixed assets. ViaSat Inc's fixed asset turnover has shown a decreasing trend over the past few years, decreasing from 0.85 in June 2020 to 0.29 in June 2023. This decline indicates that the company is generating less revenue per dollar invested in fixed assets.
A lower fixed asset turnover ratio could suggest inefficiencies in asset utilization, such as underutilized assets or declining sales relative to the value of fixed assets. It may also indicate potential issues with asset quality or obsolescence.
It is worth noting that the fixed asset turnover ratio for September 2023 onwards is not available in the provided data, which limits the ability to present a complete picture of the trend.
In conclusion, the declining trend in ViaSat Inc's fixed asset turnover raises concerns about the company's ability to efficiently utilize its fixed assets to generate sales revenue. Management may need to review and optimize its asset utilization strategies to improve this ratio in the future.
Peer comparison
Mar 31, 2025