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