ViaSat Inc (VSAT)
Working capital turnover
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,519,570 | 4,522,500 | 4,527,270 | 4,630,430 | 4,283,761 | 3,799,850 | 3,322,754 | 2,754,017 | 2,652,449 | 2,688,054 | 2,756,327 | 2,800,998 | 2,787,635 | 2,681,713 | 2,537,555 | 2,390,479 | 2,256,107 | 2,252,046 | 2,264,711 | 2,302,689 |
| Total current assets | US$ in thousands | — | 2,841,600 | 5,061,090 | 3,327,100 | 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 |
| Total current liabilities | US$ in thousands | 1,676,650 | 1,580,410 | 3,523,650 | 1,079,750 | 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 |
| Working capital turnover | — | 3.59 | 2.94 | 2.06 | 1.96 | 1.61 | 1.32 | 1.41 | 2.06 | 6.70 | 8.03 | 6.96 | 7.17 | 11.12 | 7.64 | 6.15 | 7.98 | 6.91 | 5.44 | 6.46 |
March 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,519,570K ÷ ($—K – $1,676,650K)
= —
The working capital turnover ratio measures how efficiently ViaSat Inc is using its working capital to generate sales. Looking at the data provided, we can see fluctuations in the working capital turnover ratio over the years.
In June 2020, the working capital turnover ratio stood at 6.46, indicating that ViaSat Inc generated $6.46 in sales for every dollar of working capital invested. The ratio decreased to 5.44 by September 2020, before gradually increasing to reach a peak of 11.12 by December 2021, showing an improvement in the company's efficiency in utilizing its working capital.
However, from March 2023 onwards, the working capital turnover ratio started declining significantly, falling to 1.41 by June 2023 and reaching its lowest point of 1.32 by September 2023. This downward trend may suggest issues with inventory management, accounts receivable, or accounts payable efficiency during these periods.
Subsequently, the ratio showed some recovery, reaching 3.59 by December 2024. However, the data for March 2025 is not available (marked as "—"), making it challenging to assess the latest performance.
Overall, the analysis of ViaSat Inc's working capital turnover reveals fluctuations in the efficiency of using working capital to generate sales over the years, highlighting the importance of closely monitoring working capital management practices to sustain operational efficiency and financial health.
Peer comparison
Mar 31, 2025