Vista Outdoor Inc (VSTO)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,750,022 | 2,726,732 | 2,795,423 | 2,902,920 | 3,020,596 | 3,101,405 | 3,153,565 | 3,158,303 | 3,018,778 | 2,814,090 | 2,595,078 | 2,392,181 | 2,207,600 | 2,037,387 | 1,881,229 | 1,741,466 | 1,717,908 | 1,806,933 | 1,845,732 | 1,945,474 |
| Receivables | US$ in thousands | 355,903 | 387,702 | 410,122 | 391,464 | 339,373 | 416,711 | 480,713 | 436,371 | 356,773 | 416,903 | 417,927 | 353,686 | 301,575 | 348,923 | 358,375 | 327,982 | 313,517 | 316,452 | 363,113 | 363,364 |
| 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 |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,750,022K ÷ $355,903K
= 7.73
The receivables turnover ratio measures how efficiently a company is able to collect payments from its customers for credit sales. A higher receivables turnover ratio indicates that the company is collecting payments quickly, while a lower ratio could suggest potential issues with collecting outstanding receivables.
Analyzing the receivables turnover data for Vista Outdoor Inc over the past few quarters, we can see fluctuations in the ratio. The ratio has varied between 5.08 and 8.90, indicating some inconsistency in the company's ability to collect receivables in a timely manner.
The trend in the receivables turnover ratio for Vista Outdoor Inc shows some variability, with a peak in the first quarter of 2023 at 8.90, followed by some fluctuations in subsequent quarters. The ratio seems to have stabilized around 7 in more recent quarters, indicating a moderate level of efficiency in collecting receivables.
Overall, while Vista Outdoor Inc has shown some fluctuations in its receivables turnover ratio, the recent trend suggests a relatively stable and efficient collection process. Further monitoring of this ratio will be important to ensure that the company continues to effectively manage its accounts receivable.
Peer comparison
Mar 31, 2024