Vista Outdoor Inc (VSTO)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 16.53 | 19.03 | 16.33 | 11.90 | 21.04 | |
| Number of days of payables | days | 22.09 | 19.18 | 22.35 | 30.67 | 17.34 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.53
= 22.09
Vista Outdoor Inc's number of days of payables has fluctuated over the past five years, ranging from 17.34 days to 30.67 days. The company's ability to pay its suppliers has improved over the years, as reflected in the decreasing trend in the number of days of payables.
In the most recent fiscal year ending March 31, 2024, Vista Outdoor Inc took approximately 22.09 days to pay off its payables on average. This indicates that the company is managing its payables efficiently, maintaining a balance between ensuring timely payments to suppliers and optimizing cash flow.
Overall, the trend in Vista Outdoor Inc's number of days of payables suggests a positive financial management strategy, with a focus on effectively managing its working capital and vendor relationships.
Peer comparison
Mar 31, 2024