ViaSat Inc (VSAT)
Payables turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,029,630 | 2,902,100 | 1,834,750 | 1,940,120 | 1,564,280 |
| Payables | US$ in thousands | 264,300 | 287,206 | 271,548 | 200,673 | 145,134 |
| Payables turnover | 11.46 | 10.10 | 6.76 | 9.67 | 10.78 |
March 31, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $3,029,630K ÷ $264,300K
= 11.46
Payables turnover ratio is a key metric that measures how efficiently a company manages its accounts payable. ViaSat Inc's payables turnover ratio has shown some fluctuations over the past five years. In March 2021, the company had a payables turnover ratio of 10.78, indicating that it was able to pay off its suppliers approximately 10.78 times during that year.
However, in the subsequent years, there was a decline in the payables turnover ratio. By March 2023, the ratio dropped to 6.76, suggesting a decrease in the company's ability to settle its payables promptly. This could potentially indicate inefficiencies in managing its accounts payable.
The trend reversed in the following years, with the payables turnover ratio increasing to 10.10 in March 2024 and further to 11.46 in March 2025. These improvements signify that ViaSat Inc enhanced its ability to meet its payment obligations to suppliers, potentially through better cash flow management or negotiation of more favorable payment terms.
Overall, fluctuations in ViaSat Inc's payables turnover ratio indicate varying levels of efficiency in managing its accounts payable over the years, with recent improvements demonstrating a positive trend in the company's ability to handle its payables effectively.
Peer comparison
Mar 31, 2025