Vista Outdoor (STU:5VO) Inventory Turnover : 0.75 (As of Mar. 2024)

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What is Vista Outdoor Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Vista Outdoor's Cost of Goods Sold for the three months ended in Mar. 2024 was €435 Mil. Vista Outdoor's Average Total Inventories for the quarter that ended in Mar. 2024 was €581 Mil. Vista Outdoor's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vista Outdoor's Days Inventory for the three months ended in Mar. 2024 was 121.76.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Vista Outdoor's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.91.

Vista Outdoor Inventory Turnover Historical Data

The historical data trend for Vista Outdoor's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Vista Outdoor Inventory Turnover Chart

Vista Outdoor Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.18

3.93

3.64

3.07

2.84

Vista Outdoor Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.67	0.65	0.67	0.71	0.75

Vista Outdoor Inventory Turnover Calculation

Vista Outdoor's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	1736.112	/ (	(663.044	+	561.199)	/	2 )
=	1736.112	/	612.1215
=	2.84

Vista Outdoor's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	435.309	/ (	(600.487	+	561.199)	/	2 )
=	435.309	/	580.843
=	0.75

Vista Outdoor (STU:5VO) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Vista Outdoor's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	580.843	/	435.309	*	365 / 4
	=	121.76

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Vista Outdoor's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	580.843	/	638.175
	=	0.91

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Vista Outdoor Inventory Turnover Related Terms

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Vista Outdoor (STU:5VO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Vista Outdoor Inc (STU:5VO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

VSTO:USA 5VO:Germany

Address

1 Vista Way, Anoka, MN, USA, 55303

Website

https://www.vistaoutdoor.com

Vista Outdoor Inc designs, develops, and manufactures outdoor sports and recreation products, and is domiciled in the United States. The company organizes itself into two segments: Shooting sports and Outdoor products. Shooting sports, which contributes the largest proportion of company revenue, includes ammunition, long guns, and related equipment under brands such as Federal Premium, Blackhawk, and Hoppe's. Outdoor products include archery and hunting accessories, eyewear, golf products, hydration products, and stand-up paddle boards under brands including CamelBak and Bushnell. The company derives the vast majority of revenue domestically.

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