ViaSat Inc (VSAT)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,991,008 | 1,945,850 | 1,836,961 | 865,162 | 804,360 | 752,217 | 759,594 | 739,087 | 712,543 | 664,857 | 627,029 | 595,796 | 560,527 | 550,874 | 558,144 | 561,637 | 562,445 | 540,861 | 515,763 | 499,939 |
| Inventory | US$ in thousands | 317,878 | 353,551 | 345,602 | 335,561 | 268,563 | 260,886 | 244,284 | 362,007 | 197,864 | 353,993 | 348,342 | 349,687 | 336,672 | 334,919 | 332,927 | 312,686 | 294,416 | 283,300 | 269,517 | 263,833 |
| Inventory turnover | 6.26 | 5.50 | 5.32 | 2.58 | 3.00 | 2.88 | 3.11 | 2.04 | 3.60 | 1.88 | 1.80 | 1.70 | 1.66 | 1.64 | 1.68 | 1.80 | 1.91 | 1.91 | 1.91 | 1.89 |
March 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,991,008K ÷ $317,878K
= 6.26
ViaSat Inc's inventory turnover has fluctuated over the past few years, ranging from a low of 1.64 in March 2021 to a high of 6.26 in March 2024. Generally, a higher inventory turnover ratio indicates that the company is efficiently managing its inventory levels and selling products quickly.
In the latest period, the inventory turnover of 6.26 suggests that ViaSat Inc is converting its inventory into sales 6.26 times during the year, which indicates strong sales relative to its inventory levels. This could imply effective inventory management, timely sales, and potentially reduced risk of obsolete inventory.
On the other hand, in previous periods such as December 2019 and September 2020, the inventory turnover was lower, indicating that the company was taking longer to sell its inventory. This could potentially lead to issues such as storage costs, risk of obsolescence, or liquidity challenges.
Overall, the trend in inventory turnover ratios for ViaSat Inc shows variations, but the recent increase in the ratio is a positive sign of efficient inventory management and sales performance.
Peer comparison
Mar 31, 2024
Mar 31, 2024