Vista Outdoor Inc (VSTO)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -5,505 | -340,008 | -126,666 | -77,633 | -9,718 | 397,441 | 450,431 | 496,516 | 473,226 | 542,872 | 503,614 | 443,719 | 381,470 | 283,634 | 219,403 | 127,860 | 70,769 | 85,492 | -443,798 | -464,718 |
| 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 |
| ROA | -0.23% | -13.86% | -4.61% | -2.76% | -0.35% | 11.94% | 13.26% | 20.21% | 19.75% | 22.98% | 24.96% | 23.96% | 21.61% | 18.55% | 15.33% | 9.21% | 5.07% | 5.52% | -27.24% | -24.97% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-5,505K ÷ $2,402,380K
= -0.23%
The return on assets (ROA) for Vista Outdoor Inc has shown variability over the past few quarters. The ROA was negative in the most recent quarter at -0.23%, which was an improvement compared to the significantly lower -13.86% in the previous quarter. Prior to these declines, the company had been consistently generating positive ROA figures, with double-digit values observed in the quarters before the recent downturn.
Overall, the trend in ROA for Vista Outdoor Inc indicates some recent challenges in efficiently utilizing its assets to generate profits. It will be important to monitor future financial statements to assess the company's ability to improve its ROA and return to a more positive trajectory.
Peer comparison
Mar 31, 2024