ViaSat Inc (VSAT)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,756,260 | 5,200,065 | 4,847,760 | 3,764,300 | 3,050,177 | 1,374,196 | 1,445,805 | 2,085,266 | 2,735,121 | 2,640,110 | 2,493,483 | 2,342,710 | 2,207,130 | 2,197,468 | 2,208,737 | 2,246,965 | 2,245,419 | 2,218,315 | 2,179,165 | 2,099,849 |
| Receivables | US$ in thousands | 939,710 | 1,445,850 | 1,434,480 | 630,530 | 419,934 | 368,827 | 320,249 | 372,118 | 359,269 | 363,013 | 369,222 | 364,494 | 238,652 | 202,792 | 249,581 | 270,436 | 330,698 | 316,439 | 294,067 | 303,619 |
| Receivables turnover | 4.00 | 3.60 | 3.38 | 5.97 | 7.26 | 3.73 | 4.51 | 5.60 | 7.61 | 7.27 | 6.75 | 6.43 | 9.25 | 10.84 | 8.85 | 8.31 | 6.79 | 7.01 | 7.41 | 6.92 |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,756,260K ÷ $939,710K
= 4.00
ViaSat Inc's receivables turnover has fluctuated over the past several quarters, ranging from a low of 3.38 to a high of 10.84. The receivables turnover ratio indicates the company's ability to efficiently collect outstanding receivables from customers within a given period. A higher turnover ratio generally indicates that the company is effectively managing its accounts receivables, collecting payments quickly, and minimizing credit risk.
In analyzing the trend, we can see that the receivables turnover ratio peaked at 10.84 in December 2020, suggesting that the company was collecting receivables at a rapid rate during that period. However, the ratio has since fluctuated, reaching a low of 3.38 in September 2023. This decrease may indicate challenges in collecting receivables efficiently during that quarter.
Overall, the trend in ViaSat Inc's receivables turnover reflects variability in the company's collection efficiency. Investors and analysts may want to further investigate the factors driving these fluctuations to assess the company's overall financial health and liquidity position.
Peer comparison
Mar 31, 2024