ViaSat Inc (VSAT)
Payables 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 |
| Payables | US$ in thousands | 287,206 | 314,611 | 388,582 | 377,638 | 271,548 | 300,115 | 244,917 | 246,516 | 200,673 | 251,335 | 193,247 | 204,198 | 145,134 | 122,342 | 169,264 | 175,955 | 183,601 | 152,386 | 141,746 | 145,544 |
| Payables turnover | 6.93 | 6.18 | 4.73 | 2.29 | 2.96 | 2.51 | 3.10 | 3.00 | 3.55 | 2.65 | 3.24 | 2.92 | 3.86 | 4.50 | 3.30 | 3.19 | 3.06 | 3.55 | 3.64 | 3.43 |
March 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,991,008K ÷ $287,206K
= 6.93
The payables turnover ratio for ViaSat Inc has shown fluctuations over the past several quarters. The ratio indicates how efficiently the company is managing its trade payables. A higher turnover ratio suggests that the company is paying its suppliers more frequently, which may indicate good liquidity and strong supplier relationships.
Looking at the data provided, we see a decreasing trend in the payables turnover ratio from the beginning of 2023 to mid-2023, indicating that ViaSat Inc was taking longer to pay its suppliers during that period. However, there was a notable increase in the ratio in the latter half of 2023 and into 2024.
The most recent figure of 6.93 for March 31, 2024, suggests a significant improvement in the management of trade payables compared to previous quarters. This could imply better cash flow management, negotiation with suppliers for more favorable terms, or potentially an increase in the rate of purchases.
Overall, monitoring the payables turnover ratio can provide insights into ViaSat Inc's working capital management and efficiency in managing its payable obligations. It is important to continue analyzing this ratio in conjunction with other financial metrics to gain a holistic view of the company's financial health and operational performance.
Peer comparison
Mar 31, 2024