Vista Outdoor Inc (VSTO)
Working capital 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 current assets | US$ in thousands | 1,075,120 | 1,196,110 | 1,110,940 | 1,064,230 | 709,990 |
| Total current liabilities | US$ in thousands | 385,298 | 453,871 | 393,873 | 370,817 | 246,701 |
| Working capital turnover | 3.99 | 4.07 | 4.21 | 3.18 | 3.70 |
March 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,749,240K ÷ ($1,075,120K – $385,298K)
= 3.99
Vista Outdoor Inc's working capital turnover has fluctuated over the past five years. The company's working capital turnover was at its highest in fiscal year 2022 at 4.21, indicating that the company generated $4.21 in revenue for every dollar of working capital invested. This suggests that the company efficiently utilized its working capital to generate revenue during that period.
In contrast, in fiscal years 2021 and 2020, the working capital turnover was 3.18 and 3.70 respectively, which were relatively lower compared to fiscal year 2022. This could indicate potential inefficiencies in managing working capital during those periods.
Overall, the trend in working capital turnover for Vista Outdoor Inc shows some variability, and it would be important to assess the underlying reasons for these fluctuations to determine the company's effectiveness in managing its working capital efficiently.
Peer comparison
Mar 31, 2024