Vista Outdoor Inc (VSTO)
Cash conversion cycle
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 82.45 | 99.72 | 97.95 | 85.08 | 63.85 |
| Days of sales outstanding (DSO) | days | 47.25 | 41.01 | 43.13 | 49.85 | 66.72 |
| Number of days of payables | days | 22.09 | 19.18 | 22.35 | 30.67 | 17.34 |
| Cash conversion cycle | days | 107.61 | 121.55 | 118.74 | 104.26 | 113.22 |
March 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 82.45 + 47.25 – 22.09
= 107.61
The cash conversion cycle of Vista Outdoor Inc has varied over the past five years, ranging from 104.26 days to 121.55 days. The trend indicates fluctuations in the company's ability to efficiently convert its resources into cash. Lower values suggest a quicker conversion process, whereas higher values indicate a longer cycle. In 2024, the cash conversion cycle improved to 107.61 days compared to the previous year, potentially signaling enhanced operational efficiency or better management of working capital. Overall, monitoring the cash conversion cycle is crucial for assessing the company's liquidity and operational effectiveness.
Peer comparison
Mar 31, 2024