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