Vista Outdoor Inc (VSTO)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 50,453 | -304,501 | -27,766 | 27,616 | 107,855 | 553,158 | 615,419 | 674,991 | 646,222 | 592,491 | 502,525 | 387,042 | 291,429 | 44,822 | -5,490 | -79,006 | -131,803 | -20,728 | -554,548 | -575,434 |
| 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 |
| Operating ROA | 2.10% | -12.41% | -1.01% | 0.98% | 3.85% | 16.61% | 18.11% | 27.47% | 26.97% | 25.09% | 24.90% | 20.90% | 16.51% | 2.93% | -0.38% | -5.69% | -9.45% | -1.34% | -34.04% | -30.92% |
March 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $50,453K ÷ $2,402,380K
= 2.10%
Operating return on assets (ROA) indicates the efficiency of Vista Outdoor Inc in generating operating profit relative to its total assets. The operating ROA has shown variability over the past few quarters, ranging from -34.04% to 27.47%.
The company experienced a significant improvement in operating ROA from Q3 2022 to Q2 2022, where it reached its peak at 27.47%. This indicates that Vista Outdoor Inc was able to utilize its assets more effectively to generate operating profits during this period. However, from Q2 2022 to Q1 2021, the operating ROA steadily declined, but it remained positive, suggesting that the company was still able to generate operating profits, albeit at a decreasing rate.
The operating ROA turned negative in Q4 2020 and remained negative until Q4 2023, indicating that Vista Outdoor Inc incurred operating losses relative to its asset base during these periods. The lowest operating ROA was recorded in Q1 2023 at -34.04%, highlighting a significant challenge in efficiently utilizing assets to generate operating profits during that quarter.
Overall, the fluctuating trend in operating ROA suggests that Vista Outdoor Inc may have faced operational challenges and inefficiencies impacting its ability to generate profits from its assets consistently. Further analysis of the company's operational performance and asset utilization strategies would be essential to improve operating ROA in the future.
Peer comparison
Mar 31, 2024