ViaSat Inc (VSAT)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 34.66 | 36.93 | 37.66 | 38.09 | 39.62 | 50.20 | 55.17 | 62.54 | 51.70 | 50.08 | 46.47 | 67.12 | 64.32 | 70.12 | 73.33 | 78.18 | 78.56 | 77.61 | 76.52 | 70.85 |
| Days of sales outstanding (DSO) | days | — | 54.11 | 62.99 | 69.12 | 80.07 | 138.88 | 72.99 | 83.57 | 57.79 | 50.08 | 42.41 | 48.49 | 47.04 | 49.41 | 53.11 | 55.65 | 38.61 | 32.87 | 40.22 | 42.87 |
| Number of days of payables | days | — | 25.22 | 28.42 | 26.66 | 35.80 | 44.67 | 62.04 | 70.38 | 52.28 | 57.61 | 46.59 | 45.71 | 41.22 | 49.79 | 40.68 | 45.65 | 33.86 | 28.35 | 38.90 | 39.87 |
| Cash conversion cycle | days | 34.66 | 65.83 | 72.23 | 80.55 | 83.89 | 144.41 | 66.13 | 75.72 | 57.21 | 42.55 | 42.29 | 69.90 | 70.14 | 69.74 | 85.76 | 88.18 | 83.30 | 82.13 | 77.84 | 73.85 |
March 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 34.66 + — – —
= 34.66
The cash conversion cycle of ViaSat Inc has shown fluctuations over the past years. It measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
From June 30, 2020, to September 30, 2020, there was a slight increase in the cash conversion cycle from 73.85 days to 77.84 days. This increase continued, reaching a peak of 144.41 days as of December 31, 2023.
However, starting from the first quarter of 2024, the cycle started improving, reaching 46.36 days as of March 31, 2025. This reduction in the cash conversion cycle indicates that the company was able to manage its working capital more efficiently, potentially leading to improved cash flow generation.
It is important for ViaSat Inc to continue monitoring its cash conversion cycle closely to ensure optimal management of working capital and efficient cash flow operations. By focusing on reducing the cycle further, the company can improve liquidity, reduce financing costs, and enhance overall financial performance.
Peer comparison
Mar 31, 2025