Vista Outdoor Inc (VSTO)
Gross profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 858,985 | 1,030,900 | 1,109,230 | 632,960 | 358,766 |
| Revenue | US$ in thousands | 2,749,240 | 3,020,620 | 3,019,040 | 2,208,180 | 1,715,210 |
| Gross profit margin | 31.24% | 34.13% | 36.74% | 28.66% | 20.92% |
March 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $858,985K ÷ $2,749,240K
= 31.24%
The gross profit margin of Vista Outdoor Inc has shown a fluctuating trend over the past five years. In March 2020, the gross profit margin was at its lowest point of 20.92%, indicating that the company retained a relatively lower percentage of revenue after accounting for the cost of goods sold. However, there has been an improvement in subsequent years, with the margin increasing to 28.66% in March 2021, 36.74% in March 2022, and then slightly decreasing to 34.13% in March 2023.
In the most recent period ending in March 2024, the gross profit margin stands at 31.24%, reflecting a decrease from the previous year. While the company was able to maintain a significant portion of its revenue as gross profit, the declining trend in the margin may warrant further analysis to understand the factors driving this change and assess its impact on the overall profitability of Vista Outdoor Inc. Further investigation into the company's cost management strategies, pricing decisions, and changes in revenue mix could provide valuable insights into the fluctuation in its gross profit margin.
Peer comparison
Mar 31, 2024