Vista Outdoor Inc (VSTO)
Fixed asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,749,240 | 3,020,620 | 3,019,040 | 2,208,180 | 1,715,210 |
| Property, plant and equipment | US$ in thousands | 201,864 | 228,247 | 211,087 | 197,531 | 184,733 |
| Fixed asset turnover | 13.62 | 13.23 | 14.30 | 11.18 | 9.28 |
March 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,749,240K ÷ $201,864K
= 13.62
Vista Outdoor Inc's fixed asset turnover has been relatively high and has shown an increasing trend over the past five years. The company generated $13.62 in sales for every dollar invested in fixed assets as of March 31, 2024, compared to $13.23 in the previous year and $14.30 two years ago. This indicates effective utilization of fixed assets to generate sales revenue. The consistent improvement in fixed asset turnover suggests that the company has been able to efficiently manage and utilize its fixed assets to drive sales growth. The high fixed asset turnover ratio signifies that Vista Outdoor Inc is turning its investments in property, plant, and equipment efficiently to generate sales, which is a positive indicator of operational efficiency and productivity.
Peer comparison
Mar 31, 2024