Vista Outdoor Inc (VSTO)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 858,985 | 874,225 | 910,180 | 964,184 | 1,030,897 | 1,082,564 | 1,125,228 | 1,161,275 | 1,109,232 | 1,004,288 | 886,050 | 749,019 | 632,960 | 535,124 | 460,682 | 389,056 | 358,766 | 373,489 | 378,935 | 397,428 |
| 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 |
| Gross profit margin | 31.24% | 32.06% | 32.56% | 33.21% | 34.13% | 34.91% | 35.68% | 36.77% | 36.74% | 35.69% | 34.14% | 31.31% | 28.67% | 26.27% | 24.49% | 22.34% | 20.88% | 20.67% | 20.53% | 20.43% |
March 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $858,985K ÷ $2,750,022K
= 31.24%
The gross profit margin of Vista Outdoor Inc has shown a fluctuating trend over the past several quarters. The margin has ranged from a high of 36.77% in June 30, 2022, to a low of 20.43% in September 30, 2019. In general, the gross profit margin has been on a downward trend, declining from 34.13% in March 31, 2023, to 31.24% in March 31, 2024.
This downward trend may indicate challenges in managing the cost of goods sold relative to revenue generated. It could suggest pressures on pricing, increased competition, rising input costs, or inefficiencies in production processes. However, it is worth noting that the margin seems to have stabilized or even slightly improved in the most recent quarters, which could be a positive sign of management efforts to address these issues.
Analysts should continue to monitor the gross profit margin closely in future periods to assess the effectiveness of Vista Outdoor Inc's strategies to maintain or improve profitability. Additionally, comparisons with industry peers and benchmarks would provide further insights into the company's competitive position within the market.
Peer comparison
Mar 31, 2024