Vista Outdoor Inc (VSTO)
Payables 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 |
| Payables | US$ in thousands | 163,411 | 126,507 | 128,951 | 156,337 | 136,556 | 158,619 | 178,732 | 180,121 | 146,697 | 174,517 | 180,867 | 169,459 | 163,839 | 117,204 | 125,351 | 115,043 | 89,996 | 96,555 | 110,572 | 128,670 |
| Payables turnover | 16.51 | 21.54 | 19.55 | 16.44 | 19.03 | 16.35 | 14.39 | 13.92 | 16.34 | 12.91 | 11.74 | 12.01 | 11.89 | 17.23 | 15.31 | 16.19 | 21.04 | 18.44 | 21.36 | 19.31 |
March 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,697,772K ÷ $163,411K
= 16.51
Based on the payables turnover data provided for Vista Outdoor Inc, we observe fluctuations in the company's efficiency in managing its accounts payable over the past few quarters. The payables turnover ratio represents how many times a company pays off its accounts payable obligations within a specific period.
The payables turnover ratio for Vista Outdoor Inc has varied significantly, ranging from a low of 11.74 to a high of 21.54 over the past two years. A higher payables turnover ratio typically indicates that the company is paying off its suppliers more frequently, which can be a positive sign of financial health and good relationships with suppliers.
In the most recent quarter, as of March 31, 2024, the payables turnover ratio stands at 16.51, showing an increase from the previous quarter's ratio of 16.44. This suggests that Vista Outdoor Inc has been able to manage its accounts payable more efficiently in the current period. However, it is important to analyze the trend over a longer period to assess the consistency of this improvement.
Overall, the payables turnover ratio for Vista Outdoor Inc has exhibited fluctuations, indicating varying levels of efficiency in managing its payables. Further analysis and comparison with industry benchmarks may provide additional insights into the company's financial performance and operational effectiveness in managing its accounts payable.
Peer comparison
Mar 31, 2024