Vista Outdoor Inc (VSTO)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Receivables turnover | 7.73 | 7.03 | 6.82 | 7.42 | 8.90 | 7.44 | 6.56 | 7.24 | 8.46 | 6.75 | 6.21 | 6.76 | 7.32 | 5.84 | 5.25 | 5.31 | 5.48 | 5.71 | 5.08 | 5.35 |
| 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 |
| Working capital turnover | 3.99 | 3.92 | 4.17 | 4.17 | 4.07 | 3.99 | 4.04 | 4.14 | 4.21 | 4.11 | 2.89 | 3.17 | 3.18 | 4.09 | 4.04 | 3.84 | 3.71 | 3.91 | 3.72 | 2.93 |
Vista Outdoor Inc's inventory turnover ratio has shown a consistent trend of staying above 3.0 over the past two years, indicating that the company efficiently manages its inventory levels. The ratio has fluctuated between 3.31 and 5.72, with a slight decrease in recent quarters.
The receivables turnover ratio has been fluctuating between 5.08 and 8.90 over the same period. A higher ratio implies that Vista Outdoor Inc efficiently collects its receivables from customers, although the variability in the ratio suggests some volatility in the company's collection practices.
The payables turnover ratio has ranged from 11.74 to 21.54 in the past two years, indicating that the company pays its suppliers relatively quickly. The ratio has shown some variability, with a downward trend in recent quarters.
Vista Outdoor Inc's working capital turnover ratio has remained consistently above 3.0, ranging from 2.89 to 4.21. This indicates that the company efficiently utilizes its working capital to generate sales revenue, although there has been a slight decrease in the ratio in the most recent quarters.
Overall, while Vista Outdoor Inc demonstrates efficiency in managing its inventory and working capital, there are some fluctuations in receivables turnover and payables turnover that may require further analysis to understand the underlying factors influencing these trends.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 82.53 | 87.70 | 99.90 | 100.85 | 99.72 | 109.76 | 110.43 | 96.40 | 97.93 | 97.04 | 96.53 | 90.55 | 85.13 | 63.96 | 64.34 | 65.10 | 63.85 | 68.63 | 56.27 | 56.94 |
| Days of sales outstanding (DSO) | days | 47.24 | 51.90 | 53.55 | 49.22 | 41.01 | 49.04 | 55.64 | 50.43 | 43.14 | 54.07 | 58.78 | 53.97 | 49.86 | 62.51 | 69.53 | 68.74 | 66.61 | 63.92 | 71.81 | 68.17 |
| Number of days of payables | days | 22.11 | 16.94 | 18.67 | 22.21 | 19.18 | 22.32 | 25.37 | 26.22 | 22.34 | 28.26 | 31.09 | 30.38 | 30.69 | 21.19 | 23.83 | 22.55 | 17.34 | 19.80 | 17.09 | 18.90 |
The Days of Inventory on Hand (DOH) for Vista Outdoor Inc have shown some fluctuations over the periods analyzed. It ranged from a low of 56.27 days to a high of 110.43 days. The trend indicates that the company has been able to effectively manage its inventory levels, with a slightly decreasing pattern in recent periods, implying potential efficiency improvements in inventory management.
On the other hand, the Days of Sales Outstanding (DSO) for Vista Outdoor Inc also varied over the periods, with a range between 41.01 days and 69.53 days. A decreasing trend in DSO suggests that the company is collecting its accounts receivable more efficiently over time, which is a positive sign of effective credit policies and collections practices.
The Number of Days of Payables for Vista Outdoor Inc fluctuated between 16.94 days and 31.09 days. A decreasing trend in this ratio indicates that the company is taking longer to pay its suppliers, which can be seen as a favorable situation in terms of optimizing cash flow and working capital management.
Overall, the analysis of Vista Outdoor Inc's activity ratios suggests improvements in inventory management efficiency and accounts receivable collection, as well as effective management of payables. These trends reflect positively on the company's operational performance and working capital management.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 1.14 | 1.11 | 1.02 | 1.03 | 1.08 | 0.93 | 0.93 | 1.29 | 1.26 | 1.19 | 1.29 | 1.29 | 1.25 | 1.33 | 1.31 | 1.25 | 1.23 | 1.17 | 1.13 | 1.05 |
Vista Outdoor Inc's long-term activity ratios provide insights into the efficiency with which the company utilizes its assets to generate revenue.
The fixed asset turnover ratio has been relatively stable over the periods examined, with values fluctuating between 9.30 and 15.44. This ratio indicates that for each dollar invested in fixed assets, Vista Outdoor Inc generates between 9.30 and 15.44 dollars in revenue. The increasing trend in recent periods suggests improved efficiency in utilizing fixed assets to generate sales.
On the other hand, the total asset turnover ratio reflects the company's overall efficiency in using all assets to generate revenue. This ratio has shown variability, ranging from 0.93 to 1.33, indicating that for each dollar of total assets, Vista Outdoor Inc generates between 0.93 and 1.33 dollars in revenue. The fluctuations in this ratio may indicate changes in the company's asset utilization efficiency over time.
Overall, while the fixed asset turnover ratio has displayed relative stability and an upward trend, the total asset turnover ratio has shown greater variability. Further analysis and comparison to industry benchmarks may provide a deeper understanding of Vista Outdoor Inc's long-term asset efficiency and operational performance.