ViaSat Inc (VSAT)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.64 | 3.10 | 3.77 | 4.08 | 3.25 | |
| Number of days of payables | days | 47.75 | 117.93 | 96.72 | 89.45 | 112.28 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.64
= 47.75
ViaSat Inc's number of days of payables has shown fluctuations over the past five years. As of March 31, 2024, the company takes approximately 47.75 days to pay its suppliers, which reflects a significant improvement compared to the previous year when it took 117.93 days. This indicates a more efficient management of accounts payable in the current period.
Looking back at the historical trend, there was a notable decrease in the number of days of payables from 2020 to 2021, followed by an increase in 2022. However, the most recent figure for 2024 represents a favorable turnaround in managing the company's payables within a shorter time frame.
Overall, the decreasing trend in the number of days of payables from 2023 to 2024 suggests that ViaSat Inc has been more effective in managing its accounts payable, potentially benefiting from improved supplier relationships or enhanced cash flow management strategies. Monitoring this ratio in conjunction with other financial metrics can provide valuable insights into the company's liquidity and operational efficiency.
Peer comparison
Mar 31, 2024