Vista Outdoor Inc (VSTO)

Inventory 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
Cost of revenue (ttm) US$ in thousands 2,697,772 2,725,360 2,520,947 2,569,802 2,598,354 2,593,764 2,571,452 2,507,848 2,396,400 2,253,801 2,123,119 2,035,926 1,948,795 2,019,145 1,919,596 1,862,497 1,893,881 1,780,295 2,362,083 2,484,974
Inventory US$ in thousands 609,999 654,839 689,989 710,020 709,897 779,991 777,974 662,315 642,976 599,227 561,506 505,077 454,504 353,816 338,380 332,210 331,293 334,729 364,146 387,676
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

March 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,697,772K ÷ $609,999K
= 4.42

The inventory turnover ratio for Vista Outdoor Inc has shown fluctuations over the periods provided. The ratio indicates how effectively the company is managing its inventory by measuring the number of times inventory is sold and replaced over a certain period.

From Dec 2019 to Mar 2020, there was a significant increase in inventory turnover, reaching 6.49, which suggests that the company was able to sell and replace its inventory at a faster rate during this period.

Subsequently, the inventory turnover ratio fluctuated but generally remained within the range of 3.31 to 5.71 from Jun 2020 to Dec 2022. These figures imply that the company was maintaining a moderate level of efficiency in managing its inventory turnover during these periods.

The most recent data from Mar 2024 shows an inventory turnover of 4.42, which is higher compared to some prior periods but lower than the peak seen in Mar 2020. This suggests that Vista Outdoor Inc is still relatively efficient in managing its inventory turnover, though there may have been some fluctuations in sales and inventory levels impacting the ratio.

Overall, the trend in the inventory turnover ratio for Vista Outdoor Inc indicates that the company has been able to effectively manage its inventory turnover, but fluctuations in the ratio over time may warrant further monitoring to ensure continued efficiency in the management of inventory levels.


Peer comparison

Mar 31, 2024

Mar 31, 2024