ViaSat Inc (VSAT)
Working capital turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,519,570 | 4,283,760 | 2,556,160 | 2,787,640 | 2,256,110 |
| Total current assets | US$ in thousands | 2,887,940 | 3,478,900 | 2,244,510 | 1,159,470 | 991,233 |
| Total current liabilities | US$ in thousands | 1,676,650 | 1,295,880 | 956,719 | 770,421 | 708,437 |
| Working capital turnover | 3.73 | 1.96 | 1.98 | 7.17 | 7.98 |
March 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,519,570K ÷ ($2,887,940K – $1,676,650K)
= 3.73
The working capital turnover ratio of ViaSat Inc has exhibited a decreasing trend over the past few years. In March 2021, the ratio stood at 7.98 and slightly decreased to 7.17 by March 2022. However, a more significant decline was observed in the subsequent years, with the ratio dropping to 1.98 by March 2023 and further to 1.96 by March 2024. This declining trend indicates that the company's efficiency in utilizing its working capital to generate sales has deteriorated over time. The ratio did show a slight improvement in March 2025, reaching 3.73. Further analysis is needed to understand the factors contributing to this fluctuation and to assess the company's overall liquidity management and operational performance.
Peer comparison
Mar 31, 2025