ViaSat Inc (VSAT)
Receivables turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,907,980 | 4,186,140 | 2,711,450 | 2,183,980 | 2,224,980 |
| Receivables | US$ in thousands | 939,710 | 419,934 | 359,269 | 238,652 | 330,698 |
| Receivables turnover | 3.09 | 9.97 | 7.55 | 9.15 | 6.73 |
March 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,907,980K ÷ $939,710K
= 3.09
ViaSat Inc's receivables turnover ratio has varied over the past five years. The ratio indicates how efficiently the company collects payments from its customers during the year. A higher receivables turnover ratio is generally more favorable as it suggests that the company is collecting its accounts receivable more quickly.
In the current fiscal year ending on March 31, 2024, ViaSat Inc's receivables turnover ratio stands at 3.09. This indicates that, on average, the company collected its accounts receivable approximately 3.09 times during the year. Compared to the previous year, there has been a significant decrease in the receivables turnover ratio from 9.97 to 3.09, suggesting that ViaSat Inc took longer to collect payments from its customers in the current year.
When examining the trend over the past five years, it is notable that the receivables turnover ratio has fluctuated. While the company achieved a high turnover ratio of 9.97 in the fiscal year ending March 31, 2023, it saw a decline in the following year before increasing again in fiscal year 2022. The latest ratio of 3.09 indicates a lower efficiency in collecting accounts receivable compared to the previous years, warranting further investigation into the company's credit policies, collection processes, and customer payment behavior.
Overall, the varying trend in ViaSat Inc's receivables turnover ratio may suggest changing payment terms, shifts in sales volume, or alterations in customer credit policies. Further analysis and comparison with industry benchmarks would provide more insight into how well the company is managing its accounts receivable and maintaining liquidity.
Peer comparison
Mar 31, 2024