Vista Outdoor Inc (VSTO)

Return on equity (ROE)

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 stockholders’ equity US$ in thousands 1,126,300 1,082,900 1,225,740 1,180,000 1,131,790 1,420,650 1,349,450 1,249,310 1,124,400 1,030,320 935,013 800,679 736,997 658,728 574,637 489,505 442,505 604,950 588,501 594,949
ROE -0.49% -31.40% -10.33% -6.58% -0.86% 27.98% 33.38% 39.74% 42.09% 52.69% 53.86% 55.42% 51.76% 43.06% 38.18% 26.12% 15.99% 14.13% -75.41% -78.11%

March 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-5,505K ÷ $1,126,300K
= -0.49%

Vista Outdoor Inc's return on equity (ROE) has fluctuated significantly over the past few quarters, ranging from negative values to positive values. The ROE was particularly strong in the second half of 2021, reaching above 50%, indicating efficient utilization of shareholder equity to generate profits during that period. However, there was a notable decline in ROE in the first half of 2022, dropping to around 40%, but still remaining relatively healthy.

The trend took a negative turn in the second half of 2022 and continued into 2023, with ROE falling below 0% in some quarters, indicating that the company's ability to generate profits relative to shareholder equity has been compromised. The most drastic drop was observed in December 2023 when ROE stood at -31.40%.

It is important for Vista Outdoor Inc to identify the factors contributing to the decline in ROE and implement strategies to improve profitability and efficiency in the utilization of its equity capital moving forward.


Peer comparison

Mar 31, 2024