ViaSat Inc (VSAT)
Total asset 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 |
| Total assets | US$ in thousands | 16,329,400 | 7,730,340 | 6,389,350 | 5,349,470 | 4,883,870 |
| Total asset turnover | 0.18 | 0.54 | 0.42 | 0.41 | 0.46 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,907,980K ÷ $16,329,400K
= 0.18
The total asset turnover ratio for ViaSat Inc has exhibited fluctuations over the past five years. In the most recent fiscal year ending March 31, 2024, the total asset turnover ratio was 0.18, indicating that the company generated $0.18 in revenue for every dollar of total assets. This represents a significant decline from the previous year's ratio of 0.54, suggesting a decrease in the company's efficiency in utilizing its assets to generate revenue.
The overall trend in total asset turnover for ViaSat Inc shows variability over the last five years, with ratios ranging from 0.41 to 0.54. This variability could point to changes in the company's business operations, asset base, or revenue generation strategies during the period under review.
A lower total asset turnover ratio may signify inefficiencies in asset utilization or possibly a decline in revenue generation relative to the size of the asset base. It is essential for ViaSat Inc to closely monitor its asset turnover ratio and investigate the reasons behind any significant fluctuations to ensure optimal utilization of assets and sustained revenue growth.
Peer comparison
Mar 31, 2024