Vista Outdoor Inc (VSTO)
Total asset 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 |
| Total assets | US$ in thousands | 2,402,380 | 2,453,600 | 2,746,800 | 2,809,720 | 2,798,880 | 3,329,700 | 3,397,920 | 2,457,070 | 2,396,200 | 2,361,870 | 2,017,960 | 1,851,800 | 1,764,940 | 1,528,740 | 1,431,320 | 1,388,450 | 1,394,880 | 1,548,930 | 1,629,200 | 1,861,300 |
| 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 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,750,022K ÷ $2,402,380K
= 1.14
The total asset turnover of Vista Outdoor Inc has displayed some fluctuations over the past quarters, ranging from a low of 0.93 to a high of 1.33. Generally, the company has been able to efficiently utilize its total assets to generate revenue, with most ratios exceeding 1.0. However, there are periods where the total asset turnover has dipped below 1.0, indicating a less efficient use of assets to generate sales.
It is important to note that a total asset turnover ratio above 1.0 typically signifies that the company is generating more in sales than the value of its total assets, which can be seen in most of the reported quarters. This suggests that Vista Outdoor Inc is effectively managing its assets to drive revenue. Conversely, a ratio below 1.0 could indicate potential issues with asset management efficiency.
Overall, while there have been some fluctuations in the total asset turnover ratio of Vista Outdoor Inc, the company generally appears to be efficient in generating revenue relative to its total asset base.
Peer comparison
Mar 31, 2024