Vista Outdoor Inc (VSTO)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 50,453 | -304,501 | -27,127 | 28,996 | 109,235 | 554,538 | 616,160 | 674,991 | 646,222 | 592,491 | 520,992 | 405,509 | 309,896 | 63,289 | -5,490 | -79,006 | -131,803 | -20,728 | -554,548 | -575,434 |
| Long-term debt | US$ in thousands | 717,238 | 763,986 | 787,538 | 886,005 | 984,658 | 1,078,320 | 1,307,260 | — | 666,114 | 715,981 | 495,841 | 495,701 | 495,564 | 345,683 | 345,305 | 443,927 | 511,806 | 523,860 | 578,281 | 740,312 |
| 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 |
| Return on total capital | 2.74% | -16.49% | -1.35% | 1.40% | 5.16% | 22.19% | 23.19% | 54.03% | 36.09% | 33.93% | 36.41% | 31.28% | 25.14% | 6.30% | -0.60% | -8.46% | -13.81% | -1.84% | -47.53% | -43.10% |
March 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $50,453K ÷ ($717,238K + $1,126,300K)
= 2.74%
Vista Outdoor Inc's return on total capital has shown variability over the past few quarters. The return on total capital was positive in most quarters, except for Dec 31, 2023, Sep 30, 2023, Jun 30, 2020, Mar 31, 2020, Dec 31, 2019 where it turned negative. The highest return was observed on Jun 30, 2022, and Dec 31, 2022, with percentages of 54.03% and 36.09% respectively, indicating strong performance in utilizing its capital effectively during those periods.
However, the return on total capital has generally been fluctuating, with lower returns in some quarters like Mar 31, 2021, and Sep 30, 2020. It will be important for Vista Outdoor Inc to closely monitor and manage its capital allocation and efficiency in order to consistently generate positive returns and create value for its stakeholders.
Peer comparison
Mar 31, 2024