Vista Outdoor Inc (VSTO)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.42 | 4.16 | 3.65 | 3.62 | 3.66 | 3.33 | 3.31 | 3.79 | 3.73 | 3.76 | 3.78 | 4.03 | 4.29 | 5.71 | 5.67 | 5.61 | 5.72 | 5.32 | 6.49 | 6.41 | |
| DOH | days | 82.53 | 87.70 | 99.90 | 100.85 | 99.72 | 109.76 | 110.43 | 96.40 | 97.93 | 97.04 | 96.53 | 90.55 | 85.13 | 63.96 | 64.34 | 65.10 | 63.85 | 68.63 | 56.27 | 56.94 |
March 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.42
= 82.53
The days of inventory on hand (DOH) for Vista Outdoor Inc have fluctuated over the past few quarters, ranging from a low of 56.27 days to a high of 110.43 days. Generally, a lower DOH indicates efficient inventory management, as the company is able to sell its inventory quickly.
In the most recent quarter, ending March 31, 2024, the DOH stood at 82.53 days, which suggests that the company is holding inventory for a moderate period before selling it. However, it is lower than the previous quarter's DOH of 87.70 days, indicating some improvement in inventory turnover efficiency.
Analyzing the trend over the past few quarters, Vista Outdoor Inc has experienced fluctuations in its inventory management efficiency. It will be important for the company to closely monitor its inventory levels to ensure optimal balance between meeting demand and avoiding excess holding costs.
Peer comparison
Mar 31, 2024