Vista Outdoor Inc (VSTO)
Return on assets (ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -5,505 | -9,718 | 473,226 | 266,012 | -287,315 |
| Total assets | US$ in thousands | 2,402,380 | 2,798,880 | 2,396,200 | 1,764,940 | 1,394,880 |
| ROA | -0.23% | -0.35% | 19.75% | 15.07% | -20.60% |
March 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-5,505K ÷ $2,402,380K
= -0.23%
Vista Outdoor Inc's return on assets (ROA) has been fluctuating over the past five years. In the most recent fiscal year ending March 31, 2024, the company experienced a negative ROA of -0.23%, indicating that it generated a loss relative to its total assets. This decline follows a similar negative trend from the previous year where the ROA was -0.35%.
In contrast, in the fiscal years ending March 31, 2022 and March 31, 2021, Vista Outdoor Inc showcased a significant improvement in performance with ROA percentages of 19.75% and 15.07%, respectively. These positive ROA figures indicate that the company was able to efficiently generate profits in relation to its total assets during those years.
However, a notable decline was observed in the fiscal year ending March 31, 2020, where the ROA plummeted to -20.60%, signaling a substantial loss in asset utilization efficiency.
Overall, Vista Outdoor Inc's ROA performance has been volatile, with both positive and negative trends observed in recent years. Further analysis of the company's financial statements and operational activities could provide insights into the factors contributing to these fluctuations in ROA.
Peer comparison
Mar 31, 2024