ViaSat Inc (VSAT)
Working capital 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 |
| Total current assets | US$ in thousands | 3,478,900 | 3,736,310 | 4,059,190 | 3,426,470 | 2,244,510 | 1,252,180 | 1,147,080 | 1,128,340 | 1,159,470 | 1,027,870 | 1,066,390 | 1,133,030 | 991,233 | 967,603 | 1,041,120 | 921,525 | 1,045,700 | 750,241 | 755,633 | 804,182 |
| Total current liabilities | US$ in thousands | 1,295,880 | 1,376,520 | 1,549,400 | 1,471,460 | 956,719 | 851,223 | 803,622 | 726,128 | 770,421 | 786,627 | 734,305 | 744,555 | 708,437 | 641,642 | 624,583 | 565,187 | 604,579 | 538,403 | 501,719 | 490,081 |
| Working capital turnover | 1.72 | 2.20 | 1.93 | 1.93 | 2.37 | 3.43 | 4.21 | 5.18 | 7.03 | 10.94 | 7.51 | 6.03 | 7.80 | 6.74 | 5.30 | 6.31 | 5.09 | 10.47 | 8.58 | 6.69 |
March 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,756,260K ÷ ($3,478,900K – $1,295,880K)
= 1.72
The working capital turnover ratio for ViaSat Inc has fluctuated over the past few quarters, ranging from a low of 1.72 to a high of 10.94. This ratio measures how efficiently the company is using its working capital to generate revenue. A higher working capital turnover ratio indicates that the company is generating more revenue per unit of working capital.
In this case, we can see that the working capital turnover ratio has been volatile, with significant fluctuations from quarter to quarter. The company experienced a substantial increase in the ratio from 1.72 in March 2024 to 10.94 in December 2021, indicating a significant improvement in efficiency in utilizing its working capital during that period.
However, it is essential to note that a very high turnover ratio may also suggest that the company is not maintaining enough working capital to support its operations effectively. On the other hand, a low turnover ratio may indicate inefficient use of working capital.
Overall, analyzing the trend of the working capital turnover ratio over time can provide insights into the company's efficiency in managing its working capital and generating revenue.
Peer comparison
Mar 31, 2024