Vista Outdoor Inc (VSTO)
Fixed asset 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 | 2,750,022 | 2,726,732 | 2,795,423 | 2,902,920 | 3,020,596 | 3,101,405 | 3,153,565 | 3,158,303 | 3,018,778 | 2,814,090 | 2,595,078 | 2,392,181 | 2,207,600 | 2,037,387 | 1,881,229 | 1,741,466 | 1,717,908 | 1,806,933 | 1,845,732 | 1,945,474 |
| Property, plant and equipment | US$ in thousands | 201,864 | 208,277 | 213,978 | 221,137 | 228,247 | 232,843 | 231,795 | 204,547 | 211,087 | 206,104 | 190,733 | 192,465 | 197,531 | 196,624 | 170,874 | 175,569 | 184,733 | 191,945 | 197,550 | 207,416 |
| Fixed asset turnover | 13.62 | 13.09 | 13.06 | 13.13 | 13.23 | 13.32 | 13.60 | 15.44 | 14.30 | 13.65 | 13.61 | 12.43 | 11.18 | 10.36 | 11.01 | 9.92 | 9.30 | 9.41 | 9.34 | 9.38 |
March 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,750,022K ÷ $201,864K
= 13.62
Fixed asset turnover is a key financial ratio that measures a company's efficiency in generating sales revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates better utilization of assets to generate sales.
Analyzing the fixed asset turnover ratio of Vista Outdoor Inc over the past few quarters, we can see fluctuations in the ratio but with a general upward trend. The ratio ranged from 9.30 to 15.44 during the period under review.
The increasing trend in the fixed asset turnover ratio indicates that Vista Outdoor Inc has been more effective in utilizing its fixed assets to generate sales revenue. This improvement could be a result of better asset management, higher sales volumes, or a combination of both.
It is important to note that although a high fixed asset turnover ratio is generally positive, it is also essential to consider other factors such as industry standards, company strategy, and economic conditions to fully evaluate the company's operational efficiency and performance.
Peer comparison
Mar 31, 2024