ViaSat Inc (VSAT)
Inventory turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,195,360 | 840,486 | 757,283 | 592,213 | 596,858 |
| Inventory | US$ in thousands | 317,878 | 268,563 | 197,864 | 336,672 | 294,416 |
| Inventory turnover | 6.91 | 3.13 | 3.83 | 1.76 | 2.03 |
March 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,195,360K ÷ $317,878K
= 6.91
ViaSat Inc's inventory turnover has shown a fluctuating trend over the past five years. Starting at a relatively low level of 2.03 in March 2020, the inventory turnover ratio increased to 1.76 in March 2021 and further improved to 3.83 in March 2022. However, there was a significant jump in inventory turnover to 6.91 in March 2023, indicating that the company was able to sell its inventory almost seven times during the year. This suggests a more efficient management of inventory during that period.
Overall, the inventory turnover ratio for ViaSat Inc has generally been increasing over the last five years, which is a positive sign as it indicates that the company is managing its inventory more effectively and efficiently. However, it is essential to further analyze the reasons behind these fluctuations and understand the company's inventory management strategies to draw more precise conclusions.
Peer comparison
Mar 31, 2024