ViaSat Inc (VSAT)
Working capital 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 current assets | US$ in thousands | 3,478,900 | 2,244,510 | 1,159,470 | 991,233 | 1,045,700 |
| Total current liabilities | US$ in thousands | 1,295,880 | 956,719 | 770,421 | 708,437 | 604,579 |
| Working capital turnover | 1.33 | 3.25 | 6.97 | 7.72 | 5.04 |
March 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,907,980K ÷ ($3,478,900K – $1,295,880K)
= 1.33
The working capital turnover of ViaSat Inc has shown a declining trend over the past five years. The ratio decreased from 5.04 in 2020 to 1.33 in 2024. This indicates that the company's ability to efficiently utilize its working capital to generate revenue has decreased significantly. A lower working capital turnover ratio may suggest inefficiencies in managing inventory, accounts receivable, or accounts payable, impacting the company's overall liquidity and operational efficiency. Further analysis of the company's working capital management practices and operational strategies may be necessary to address these declining trends and improve financial performance.
Peer comparison
Mar 31, 2024