ViaSat Inc (VSAT)
Payables 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 |
| Payables | US$ in thousands | 287,206 | 271,548 | 200,673 | 145,134 | 183,601 |
| Payables turnover | 7.64 | 3.10 | 3.77 | 4.08 | 3.25 |
March 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,195,360K ÷ $287,206K
= 7.64
Based on the payables turnover data provided for ViaSat Inc over the past five years, we observe fluctuations in the efficiency of the company's management of its accounts payable.
In the most recent fiscal year ending March 31, 2024, ViaSat Inc achieved a payables turnover of 7.64, indicating a significant improvement compared to the previous year. This suggests that the company was able to pay off its suppliers more frequently during this period, which is a positive sign of efficient working capital management.
Conversely, in the fiscal year ending March 31, 2023, the payables turnover was lower at 3.10, indicating a potential slowdown in the payment process compared to the following year. However, it is worth noting that the payables turnover in 2023 was still higher than in 2022, which implies some improvement in the management of accounts payable during that period.
Looking further back, in the fiscal years ending March 31, 2022, March 31, 2021, and March 31, 2020, the payables turnover ratios were 3.77, 4.08, and 3.25 respectively. These figures show a varying trend in the management of accounts payable, with fluctuations in the efficiency of paying off suppliers during those years.
Overall, the trend in ViaSat Inc's payables turnover indicates some variability in the company's ability to manage its accounts payable efficiently over the past five years. It is essential for investors and analysts to monitor this ratio closely to assess the company's liquidity and working capital management.
Peer comparison
Mar 31, 2024