Vista Outdoor Inc (VSTO)
Total asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,749,240 | 3,020,620 | 3,019,040 | 2,208,180 | 1,715,210 |
| Total assets | US$ in thousands | 2,402,380 | 2,798,880 | 2,396,200 | 1,764,940 | 1,394,880 |
| Total asset turnover | 1.14 | 1.08 | 1.26 | 1.25 | 1.23 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,749,240K ÷ $2,402,380K
= 1.14
The total asset turnover ratio for Vista Outdoor Inc has displayed some fluctuations over the past five years. In the most recent fiscal year as of March 31, 2024, the company achieved a total asset turnover of 1.14, indicating that for every dollar of total assets, the company generated $1.14 in revenue.
Comparing this to the previous years, we can see that the ratio was slightly lower than the 1.08 reported in the prior year, signifying a marginal improvement in asset utilization efficiency. However, it was below the levels seen in the fiscal years 2022, 2021, and 2020, where the total asset turnover was 1.26, 1.25, and 1.23, respectively.
The fluctuations in the total asset turnover ratio suggest variations in how efficiently Vista Outdoor Inc is utilizing its assets to generate revenue. It is crucial for the company to consistently monitor and enhance this ratio to ensure optimal utilization of its assets and maximize profitability.
Peer comparison
Mar 31, 2024